The IMO’s legislation on ship emissions could be about to shake-up the global bunker market, with North America set to benefit, says Wood Mackenzie.

“In light of new marine fuel regulations in 2020, North America has the opportunity to take a much bigger role in the future global bunker market given its capabilities to be a major supplier of ultralow sulfur fuel oil (ULSFO) components and gas oil,” says Alan Gelder, vice president, refining, chemicals & oil markets, EMEARC Research for Wood Mackenzie.