FGE’s 15th Annual Assessment of the Bunker Fuels Market.
FGE’s detailed assessment looks in-depth at the future of bunkering, with a deep dive on the upcoming IMO bunker specification changes. We use our proprietary bottom-up supply and demand models as a foundation for examining the options available to both shippers, refiners and bunker suppliers, as well as the likely overall outcomes of these changes in unparalleled depth.
On January 1, 2020, the IMO (International Maritime Organization) will be implementing a cap on the amount of sulphur in fuel oil used on board ships (without exhaust gas cleaning systems—or scrubbers). This upcoming bunker specification change will be the biggest upheaval the refining and shipping industries have ever faced. Indeed, it will have an impact on everyone involved in the supply of fuel oils, from crude oil producers to traders and terminal operators.
Grappling with shifting regulations, changing fuels, and new technologies, it is imperative that ship-owners, refiners, and other key stakeholders along the marine fuel supply chain stay at the forefront of market analysis and understanding. The capital budgeting decisions made today need to be seen in the context of not only 2020 but also for the next 15-20 years.
In a world where there is no “one size fits all” solution, FGE’s analytical approach looks to move the debate forward. Market-leading oil market expertise and an understanding of the refining sector and fuel specifications are married to an in-depth analysis of the implications for the shipping industry, providing a holistic perspective.
Scope of Coverage