News / Liners attempt to claw back IMO 2020 costs from spot market

With just 60 days to go before the IMO’s 0.5% sulphur cap on marine fuels for ships not fitted with scrubbers becomes law, ocean carriers need to cover the extra cost of the compliant fuel or risk bankruptcy.

Container vessels without scrubbers installed, which will account for the vast majority of ships in service, will need to replenish their tanks with low-sulphur fuel oil (LSFO) in the coming weeks in order to be compliant for 1 January next year.

The ‘spread’ or ...