GNOLF - New Marine Fuel May Spoil Frontline's IMO 2020 Strategy

Source: International Maritime Organization.

From 1 January 2020, the International Maritime Organization will limit the sulfur in fuel oil used on board ships operating outside designated emission control areas to 0.50% m/m (mass by mass), from 3.50% m/m. Of total global air emissions, shipping accounts for 9 percent of the sulfur oxides.

A Frontline crude oil tanker. Photo: Flikr/Kees Tom.

Frontline Ltd. (“Frontline”) (FRO) is a world leader in the international seaborne transportation of crude oil. Hemen Holding Limited (“Hemen”) is a major owner of FRO stock and is a company indirectly controlled by trusts