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Global shipping sails into turbulent times as IMO 2020 nears

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The new rules will have a huge impact on the industry, as fuel oil with a sulphur limit of 3.5% accounted for over 70% of bunker activity.

WHEN the shipping industry counts down to the New Year on Dec 31, industry participants are unlikely to be in a celebratory mood as global markets wake up to a whole new shipping regime come Jan 1: IMO 2020.

The new global regulation "IMO 2020" introduced by the International Maritime...