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Stormy Seas: IMO 2020 Update


 

FGE’s Stormy Seas: IMO 2020 Update is a new fortnightly report featuring key insights and market analysis on the upcoming IMO (International Maritime Organization) sulphur specification change.

On January 1st 2020, the IMO will be implementing a cap on the amount of sulphur that is in the fuel oil used onboard ships. This upcoming bunker specification change will be the biggest upheaval the refining and shipping industries have ever faced.

FGE's Stormy Seas: IMO 2020 Update report combines insights from conversations with key stakeholders and detailed market analysis to give a fortnightly updating on this upcoming regulatory change. To do this, we leverage our extensive expertise in refining and oil markets, as well as longstanding client relationships across the refining, trading and shipping sectors.

This Report Will Add Value To

Ship Owners and Charterers

Evaluating the economics of the variety of potential fleet investments, and assessing forward fuel price exposure to help shape procurement and risk management strategies.

Refiners

Evaluating the impact that potential refinery investments may have on fuel availability as well as high sulphur fuel oil destruction.

Commodity Trading Houses

Identify opportunities for value creation in terms of supplying fuels and taking advantage of potential regional arbitrage.

Fuel Storage Companies

Keeping fuel storage companies abreast of developments at particular ports as well as changing dynamics on certain routes.

Port Authorities

Identify potential infrastructure constraints for ports, as well as potential competing bunker hubs and incentives needed from ports to ensure a smooth transition in 2020.

 

Scope of Coverage

Supply

  • Refinery Investment: Refinery additions/closures traced in detail; focusing on current and new technologies aimed at increasing low sulphur bunker fuel availability.
  • Fuel Availability: Providing clarity on both overall availability and the specifications of compliant fuel, as well as the routes that it will likely be available on.
  • Logistics/Infrastructure: Assessing existing and planned investment in port infrastructure as well as new investment in tankage and other port infrastructure to guarantee the provision of compliant fuel.
  • LNG Bunkering and Alternative Fuels: Looking at the viability as well as adoption of other competing sources of fuels, such as LNG bunkering.

Demand

  • Shipping Investment: Tracking announcements through financial filings and relationships with key players in the sector to gauge the impact of decisions on IMO compliance and how this will impact overall demand for bunker fuels.
  • Technological Advances: Dissecting the feasibility and likely impact on bunker demand of current and potential routes to compliance.
  • Competing Demand Sources: Analyzing the likely impact of other competing sources of demand (such as from the power sector) on bunker fuels and how this will impact pricing of individual bunker products.

Price

  • Spot Bunker Price Coverage: Leveraging 30 years of experience forecasting oil prices gives us a unique edge in understanding the fundamental implications of supply and demand and their impact on the various bunker fuels.
  • Futures & Forward Price Analysis: Helping readers navigate increased volatility in future and swaps markets, as shifting supply and demand dynamics drive increased hedging and speculative activity along the forward curve.

Interested in finding out more?

Further information on our coverage of the bunker fuels market can be found by downloading our latest brochure.

 

Download Brochure

Research & Analysis

  • Short-Term Global Oil

    FGE's Short-Term Global Oil Market Service provides up-to-date fundamental analysis of the key events and data affecting the oil markets, together with consistent forecasting of future trends.



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  • East of Suez Oil Service

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Data

  • Oil ODS

    FGE's Oil Online Data System (ODS) allows clients to flexibly query FGE's proprietary supply and demand data for crude and refined products at a country or regional level, allowing you to identify potential pressure points and regional flows.



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Multi-Client Studies

  • Preparing for IMO 2020 Price Shocks

    FGE's detailed assessment of the upcoming IMO bunker specification changes uses our proprietary bottom-up supply and demand models as a foundation for examining the options available to both shippers and refiners as well as the likely overall outcomes of these changes in unparalleled depth.



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  • Annual World Refining Outlook 2018

    A detailed assessment of the mid/long-term operating environment for global refining and the implications for products trade.



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  • Outlook for Oil - A Guide for Strategic Planning

    The annual Strategic Oil Market Outlook is FGE’s core analytical block for its perspectives on future developments in oil demand, supply and prices to 2040.



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Further Information

If you require additional information on this or any FGE service, including requesting a trial, or you would like to discuss ways in which FGE can assist you further, please contact a member of our sales team:


Mr. Robert Beckmann - Singapore

Head of Business Development
Tel: +65 6222 0045

Email Robert

Mr. Edo Ndeke - London

Business Development Manager
Tel: +44 (0) 20 7726 9570

Email Edo

Mr. Farhan Sulaiman - Singapore

Business Development Manager
Tel: +65 6222 0045

Email Farhan

Mr. Lance Ruxton - London

Business Development Manager
Tel: +44 (0) 20 7726 9570

Email Lance

Ms. Iren Naseri - Dubai, UAE

Business Development Manager
Tel: +971 4 457 4270

Email Iren

Mr. TJ Braziel - Houston, TX

Business Development Manager
Tel: +1 (281) 819 1983

Email TJ