The implementation of the North American Emission Control Area (ECA) on 1 August has increased demand on fuel with low sulphur content to an extent in which American authorities have had to grant shipping companies who are not able to get hold of the fuel safe passage according to Clarkson Research.
BY JAKOB VESTERAGER
According to Clarksons, the implementation of the North American ECA has led to a shortage of low sulphur fuel. This has prompted the American authorities to grant shipowners who have not been able to get hold of the fuel safe passage.
On Dec. 5, all Russian crude oil will be banned in the EU. But oil from the warring country will still flow into the world market, and both the EU embargo and price cap can be circumvented, predicts sanctions lawyer.