31 Oct '16, 5am

Singapore can meet demand for 0.5% sulphur fuel in 2020, but at higher price

Singapore can meet demand for 0.5% sulphur fuel in 2020, but at higher price

“We believe it would be better to have a more phased introduction, allowing the market to adapt more gradually, thereby preventing a sudden severe strain on global product supply and prices, allowing a longer period for owners to install abatement technology rather than a last minute rush, and gaining experience with new low sulphur fuel formulations in a more controlled manner, without the entire global fleet becoming a test bed,” Unni Einemo, IBIA’s IMO representative said during a presentation of a paper on the matter to MEPC 70.

Full article: http://shipsandports.com.ng/singapore-can-meet-demand-for...

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