IBIA: Global sulfur requirements a seismic change for the industry

It will be a battle for refineries and global shipping to meet the approaching sulfur requirements, warns the International Bunker Industry Association IBIA.

Photo: Modelfoto/Colourbox

In four months, it will be decided when the global sulfur requirements are going to take effect. When the member nations in the UN's International Maritime Organization IMO host a meeting for the environmental committee, it will be decided if vessels are prohibited from having sulfur emissions exceeding 0.5 percent sulfur in 2020 or in 2025.

Regardless of the result, refineries, bunker suppliers, and carriers all face a challenging time ahead, notes the IBIA, which represents all links of the chain. The organization fears that the refineries as well as shipping stakeholders will have a hard time meeting the new requirements, IBIA writes in a statement.

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