How investment funds are placing their bets as the shipping sector prepares for new rules limiting sulphur emissions [Toronto Globe and Mail (Ontario, Canada)]
Overseas Shipholding Group, Inc. Class A (OSG)
US:NYSE Investor Relations:
osg.com/investor-relations
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Source: Toronto Globe and Mail
How investment funds are placing their bets as the shipping sector prepares for new rules limiting sulphur emissions Shipping companies, refineries, freight derivatives or diesel cracks? Investment funds are placing their bets as the shipping sector prepares for new rules limiting sulphur emissions from ocean-going vessels. Ever since the International Maritime Organization (IMO) said the maximum sulphur content in marine fuel must drop to .5 per cent from 3.5 per cent from 22, shipping companies have been wrestling with how to comply without driving up costs at an uncertain time for global trade. Some shipowners are installing exhaust-cleaning systems known as scrubbers so they can continue to use high-sulphur fuel and some are switching to low-sulphur marine diesel, but all expect a period of turbulence when the “IMO 22” rules come in. Story continues below advertisement Investors in turn are coming up with strategies and launching funds with exposure to parts of the oil and shippin
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