In less than two years the global marine transport industry – refiners, shipbuilders, and shippers – will have to make massive changes to how it fuels itself. The International Maritime Organisation’s (IMO) new regulations, to reduce sulphur emissions from 2020, will create huge investment requirements across all sectors with significant underlying volatility in prices, costs, and margins. The transition from dirty to clean marine fuel will create several years of strong margins for refiners that move to install the right secondary processing units and drive big structural changes in the shipping and shipbuilding industries.
Are you prepared for the implications?
Read our full report to find out what the challenges are and who will potentially benefit.
Transport must decarbonise further