The great fuel switch has begun, but it could be months or even years before the marine bunker market finds a new equilibrium. The only consensus on IMO 2020 among market players is that the fittest will survive.
The International Energy Agency describes the switch from high-sulphur fuel oil (HSFO) to 0.5%-sulphur fuels or marine gasoil (MGO) as “one of the biggest shake-ups” in the oil product markets ever.
