A sudden and dramatic shift in demand from high sulphur heavy fuel oil (HSFO) to marine gas oil (MGO) in 2020 is set to widen the price spread between the two products to more than $450 per tonne according to Bjarne Schieldrop chief commodities analyst at Nordic Bank SEB.
In his extensive report IMO2020 released today, Schieldrop suggests the reluctance of shipowners to comply with the IMO’s requirement for 0.5%
