Oil major Chevron has revealed that it will offer the IMO 2020-compliant 0.5% sulphur bunker fuel by the end of the third quarter, reports said.
As much as 16% of the global containership fleet by vessel count and 35.7% in terms of capacity have been equipped with scrubbers as at end-May, seven months ahead of the implementation of the IMO 2020 regulation, according to Alphaliner data.
With the IMO 2020 implementation day approaching, oil major Shell announced that it has carried out 19 successful trials of its very low sulphur fuel oil (VLSFO) at key ports globally.
Brazilian state oil firm Petrobras has produced and supplied its first batch of IMO 2020-compliant bunker fuels of 0.34% sulphur content, it has been reported.
With the majority of shipowners set to use low sulphur fuel oil to comply with the IMO's 2020 0.5% sulphur cap for marine fuel International Chamber of Shipping (ICS) chairman Esben Poulsson.