Green marine fuel standard making some players uneasy

MARINE fuel players are largely not against going green but their chief concern is how to manage what is shaping up to be a costly transition for the shipping and refining sectors, two pillars of the world economy, going by the vantage point of an industry association representative.

Timothy Cosulich, the Asia chair for International Bunkering Industry Association (IBIA), tells The Business Times, he has no qualms throwing his support behind the International Maritime Organization's (IMO's) 2020 global sulphur cap.

"It's good corporate governance for the industry," says Mr Cosulich, a sixth-generation successor to Italian shipping group Fratelli Cosulich, in an interview ahead of SIBCON 2018, the largest marine fuel conference taking place here this week.