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IMO 2020 : Challenges and Opportunities The International Maritime Organization (IMO) is implementing a global sulphur cap for marine fuels that will have a significant impact on shipping and commodity markets. On January 1st 2020, ships will have to use marine fuels with a sulphur content of no more than 0.50% against the current limit of 3.5% in order to reduce the amount of sulphur oxide. Shipowners have several options to comply with the new regulations. But all these solutions imply higher freight rates. How would this affect commodity flows? Would this be a catalyst for a global recession? How [...]