By Andy Hipskind
While most people may not realize it, shippers and energy companies have spent the last four years readying themselves for this January. What could require years of coordinated preparation by these companies? In 2016, the International Maritime Organization ((IMO)) affirmed its decision to reduce the legal amount of sulfur in marine fuels to 0.5% from 3.5% starting in 2020. As a result, shippers and the energy industry have been positioning to comply with the stricter standards. The shift to IMO 2020 compliant fuels will have a wide range of effects for energy