BunkeringOperations
Bunker bills could leap 25% in 2020 with new sulphur rules
Bunker costs across the world could jump by 25%, or $24bn, when new sulphur regulations come into force in 2020, according to a new report from consultants Wood Mackenzie.
The International Maritime Organization’s (IMO) rules will see sulphur content in fuel slashed from 3.5% to 0.5% in 2020.
The $24bn figure reached by Wood Mackenzie factors in a small percentage of the fleet installing scrubbers ahead of 2020. Wood Mackenzie estimates just 2% of the global fleet will have scrubbers by 2020 with many owners concerned about returns on investment on the emission cutting technology.