HORIZON LNG Bunkering Boost From IMO Sulfur Cap Not Immediate

摘要

The clouds hanging over the LNG industry parted slightly last month when the International Maritime Organization (IMO) said it would slash the global sulfur cap on marine bunker fuels from 3.5% to 0.5% from January 2020. The decision represents a massive shift in marine fuel specifications and comes as a welcome boost for the LNG industry, which — facing relentless competition from coal in the power sector and the emergence of new technologies in transport — has been scrambling to find new markets to carve out a position against dirtier competing fuels.