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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