They may still be six months away, but new rules on marine fuels are already sending shock waves through the little-known world of refinery feedstocks.
July 3, 2019GovernmentBusinessFuel
IMO Rejects US-Backed Plan for Phased Start of Ship-Fuel Rules
The International Maritime Organization rejected a proposal — supported by both the U.S. and shipping groups — for a phased start to rules that will limit the sulfur content of ship fuels starting in 2020.
October 24, 2018GovernmentBusinessFuel
Maersk Sees Fuel Bill Soaring by $2 Billion From 2020 Rules
A.P. Moller-Maersk, the world’s largest container shipping line, said adhering to stricter environmental standards could add at least $2 billion to its annual fuel bill from 2020.
August 29, 2018