IMO 2020 transition smoother than expected: Bunker One
14th August 2020 15:09 GMT

The shipping industry’s transition to IMO 2020, which saw the sulfur cap on marine fuels drop to 0.5% from 3.5%, was smoother than even the most optimistic engineer dared to predict, the technical manager at marine fuel supplier Bunker One said.

“The industry experienced basically no claims in late 2019 and early 2020,” Steffen Kortegard said in a statement.

“We are also experiencing hardly any compatibility issues, maybe even fewer than pre-2020, which indicates that the very paraffinic products are absent in the marked,” Kortegard said.

The first quarter presented some stability issues where some fuels were blended close to the limit, he said. But that was due to the “extraordinary and non-foreseen high demand” for very low sulfur fuel oil, which caused some blenders to compromise on the paraffinic to aromatic ratio, he said.

Demand for very low sulfur fuel oil surged between December and January as the sector rushed to stockpile the IMO 2020-compliant fuel amid concern about limited availability.

Once the coronavirus pandemic took hold, there was an increase in the variety of blend components used to make VLSFOs, as global oil markets grappled with surplus supply.

Bunkerworld .,
14th August 2020 15:09 GMT