Remember acid rain and worries about sulfur emissions from your car? Maybe. Maybe not. It was a long time ago that sulfur was regulated out of the gas you put in your car. Well those concerns are front-of-mind for the global shipping industry, which still relies heavily on high-sulfur fuel to move goods across the seas. On January 1, new regulations come into play that drastically reduce the amount of sulfur oxide ships can emit. This week on Switched On we talk with Richard Chatterton, who leads oil market analysis for BloombergNEF, about how shippers will meet the new standards, what the regulations could do for refiners, and what it all means for the rest of us.
This episode is based on a report series titled IMO 2020 Monthly. BNEF clients can access this report on bnef.com or BNEF Mobile, or at BNEF<GO> on the Bloomberg Terminal.
Switched On is hosted this week by Mark Taylor and Dana Perkins.
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