In recent months, the upcoming IMO 2020 rule has increasing found itself a talking point among those traditionally unconcerned with the bunker and shipping industries,and with that there has been a growing sense of panic over what the new rule will mean.

That was in no greater evidence than this week in a new report by respected analyst Philip K. Verleger, who predicts the new global 0.50% sulfur cap for marine fuel could trigger nothing short of an economic collapse. Should that happen, it will prompt a global review of the new regs.

“If nothing changes, the 2020 diesel and gasoil crisis will occur because as many as half of world refineries cannot product fuel that meets the new regulation,” he said in the report released this week.

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