Heavy fuel oil is a dirty and polluting fossil fuel that powers ships throughout our seas and oceans — accounting for 80 % of marine fuel used worldwide. (foe.org)
In 2020 the shipping industry is facing its biggest challenge in a century as the IMO is set to impose a new 0.5 % sulfur cap on marine fuel emissions. (platts.com)
Meanwhile, a new marine fuel rule with lower sulfur content that will come into force in 2020 is creating uncertainty in the market. (iea.org)