World's dirtiest fuel seen holding out even as ships clean up
From January 2020, vessels have to use fuel with less sulphur, but changing fuels completely will be difficult
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Houston
EVEN as the owners of ships carrying everything from bananas to oil spend billions of dollars to meet tighter clean-air rules, demand to buy the dirtiest fuel will still hold out in some parts of the world.
In two-and-a-half years, the International Maritime Organisation (IMO) will slash by 86 per cent the amount of sulphur allowed in the fuel burned by the world's cargo ships and oil tankers as they sail around the globe. Meeting the new standards will cost the world shipping industry US$60 billion a year, according to consultant Wood Mackenzie Ltd.
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