Sulfur regulation from 2020 less costly for carriers than expected
Carriers ended up spending several billions of dollars less than expected on the extensive IMO2020 sulfur regulation, which came into force three years back. Scrubbers are a primary factor.
When carriers faced the big move to low-sulfur fuel that became effective on Jan. 1, 2020, the general expectation was that the transition would entail additional costs of many billions of dollars.
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