Indonesia announced last week that it would not enforce the upcoming IMO 2020 rule requiring marine vessels to burn bunker fuels containing no more than 0.5 percent sulfur on its domestic shipping fleet. The country thereby became the first “rat” to jump from the IMO ship. Indonesia’s actions may have a noticeable impact on at least the Asian bunker fuel market. According to Reuters, the country made its decision in reaction to the high cost of new, cleaner fuels. Instead of complying with the IMO mandate, Indonesian-flagged vessels…
