ShippingWatch

ExxonMobil and Total want to grow as direct bunker suppliers

Major oil companies are prepared to grab an even bigger share of the bunker market as direct suppliers to shipping companies after the new sulfur regulations enter force. ExxonMobil and Total tell ShippingWatch about their expectations following Jan. 1, 2020.

Photo: ExxonMobil

Major oil companies like ExxonMobil and Total are well positioned to grab a larger bite of the bunker market when the new sulfur regulations enter force next year, placing new demands on shipping companies and suppliers.

From Jan. 1, 2020, ships will only be allowed to sail on fuel with sulfur content of 0.5 percent unless equipped with a scrubber. If shipping companies do not observe the regulations, they may face harsh penalties.

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