When the International Maritime Organization’s lower marine sulfur limit known as IMO 2020 took effect in January 2020, the commercial shippers pivoted sharply to low-sulfur fuel oil (LSFO). In the years since, high sulfur fuel oil has reclaimed some of the market share, as a growing number of commercial vessels install sulfur scrubbers that allow operators to use the heavier, cheaper fuel oils while complying with the new sulfur emission limits. More ›
Data source: U.S. Energy Information Administration, Maritime and Port Authority of Singapore (MPA), Bunker Sales
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