The KPMG Global Energy Institute is pleased to invite you to our next Webcast: Future of Shipping and Refining under IMO 2020
The agenda topics include:
Key Implications to refiners and vessel owners and operators
Dealing with regulation disruption
Opportunities to leverage data & modeling to enhance your decision making
How together we can transform IMO2020 into competitive advantage
Strategies and Tactics to Manage the Future
On January 1, 2020 the International Maritime Organization (IMO) mandate for 0.5% global sulphur cap for marine fuels will come into effect. This is a significant change impacting the global bunker fuel markets where 3.5% sulphur fuel is predominantly used currently. This mandate is part of the ongoing IMO efforts to reduce air pollution and improve health and environmental benefits especially for communities residing near ports.
The new fuel sulphur regulation will have a disruptive effect across the supply chain presenting threats and opportunities for both the supply side and the demand side of the market. According to data from Bloomberg Intelligence, 67% of shippers are not prepared for this new regulation.* Are you ready for a changing future?
* Source: “IMO 2020 may be shipping’s Y2K moment as industry ups readiness”