US chartering and trading giant Cargill has revealed how its IMO 2020 preparations have helped its performance during the transition to low-sulphur fuels.
For the second quarter, which ended on 30 November, the Minnesota company said adjusted operating earnings were $1.02bn, up 19% from $853m in 2018.
It added that its ocean transportation business "benefited from its readiness for the upcoming industry shift to low-sulphur fuels that began on 1 January 2020".
