Engie’s LNG bunkering vessel. (Port of Rotterdam)
The International Maritime Organization’s (IMO’s) forthcoming sulphur cap will boost the price of low-sulphur marine fuels and could see a wave of cheap, high-sulphur fuel begin to compete with gas in emerging power markets.
Traditionally, the marine bunker market has been a sink for refiners to sell their high-sulphur residual fuel into, but this market will decline significantly in 2020, when new regulations are introduced limiting sulphur emissions from ships.
Ships will be forced to run on fuels with less than 0.5% sulphur content, unless they have...
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