Sulfur cap could grow bunker bill by USD 60 billion annually

The new sulfur regulations will constitute a larger item in the industry with an additional USD 60 every year. Major bunker hubs risk losing business, estimates Wood Mackenzie.

Photo: /ritzau/Marius Nyheim

The industry's fuel expenses could rise by USD 60 billion per year in less than two years, estimates consultancy Wood Mackenzie in a new analysis of the global sulfur requirements set to take force in 2020, where the firm assumes that everyone complies with the rules.

The stage is set for a rapid change in fuel consumption when ships around the world are no longer allowed to sail on fuel with more than 0.5 sulfur content, unless the vessel has installed a scrubber than can cleanse the sulfur from the exhaust.

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