Trafigura‘s Preparations for the Sea Change in Global Shipping

The video discusses the readiness of the oil trading industry for new shipping rules effective January 2020, which cap sulfur content in marine fuel. It highlights market imbalances, with excess high-sulfur fuel oil and insufficient low-sulfur distillates. Companies like Trafigura are preparing by investing in vessels with scrubbers. The video also addresses concerns about open-loop scrubber bans and the need for regulatory clarity. Technological adaptations and compliance strategies are explored, with an emphasis on the short-term market impact and potential dislocations in the first six months.

What are the implications of the open loop scrubber ban mentioned in the discussion?

How do local conditions affect the implementation of the new fuel regulations in different ports?