IMO’s marine fuel rules sets shipping industry for a comeback in 2020: IHS

The global shipping market is set for a recovery, benefiting from new global rules on marine fuels that came into effect at the beginning of the year after more than a decade of tough market conditions, according to IHS Markit.

“Overall, there is strong optimism around demand for shipping in 2020,” said Rahul Kapoor, vice president at HIS Markit in a note on Thursday.

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