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Diesel Prices Remain Stable as IMO 2020 Mandate Set to Begin

December 30, 2019

Years of planning and preparation by the ocean shipping, oil and trucking industries are set to pay off as adequate supplies of diesel fuel are expected to be ready now that an International Maritime Organization mandate for the use of lower polluting fuel on ocean vessels is about to take effect.

“I think we have come a long way, especially in the last two to three years, getting ready for this transition,” independent oil industry analyst and consultant John Hofmeister told Transport Topics regarding the Jan. 1, 2020, adoption of an IMO directive that requires ocean vessels — which use as much as 4 million barrels of oil a day — to switch to low-sulfur diesel or other fuels.

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