Declining ship fuel prices equate to savings for containerized cargo shippers and lower costs for tanker and bulker owners.
Marine fuel price up 47% since the beginning of the year
Price of low-sulfur fuel is rising faster than high-sulfur fuel. Ships with scrubbers stand to gain.
IMO 2020 and new amendments have the potential to further lower emissions for maritime freight. Carriers are using low-emission fuels, scrubbers and shore-to-ship power.
There may be so little demand post-2020 for high-sulfur fuel oil that it may end up stored aboard tankers.
