With fuel oil recently trading at a premium to motor gasoline, one may be excused for asking what all the fuss is about the forthcoming fuel oil specification changes for the shipping industry?
Those changes, adopted by the International Maritime Organization, still pose the largest and most disruptive change that the shipping and oil refining industry have had to face. Those changes, which go into effect in 2020, will require ships to shift to cleaner fuels to meet environmental standards.
Source: FuelFix
