Sea change for shipping sector
New rules are imminent and will have a big impact on the global fuel oil sector
Only two years remain before world shipping must conform to the International Maritime Organization's (IMO) Marpol "Annex VI" regulation to reduce sulphur content in marine fuels. Market participants agree that this is a major and potentially disruptive change, but say fuel suppliers and shippers seem to be approaching the deadline with equanimity. "Fundamentally, people are not prepared, in the sense that they're not doing anything differently" ahead of the deadline, says Andrew Laven, regional manager for Middle East and Africa at the Bomin Group, a bunkering company with operations worldwide. He points out that many in the industry believe evaluations that there will be enough 0.5% sulphu
Also in this section
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
9 December 2025
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
