Growing usage of future fuels to transform the marine lubricants industry

ABSTRACT

The shipping industry has faced two major challenges during 2019-2022 the implementation of International Maritime Organization (IMO) norms on the maximum allowed sulfur concentration to be 0.5% in marine fuel, which also are known as IMO 2020 norms, from Jan 1, 2020, and the COVID-19 pandemic, which disrupted normal operations. The next challenges that the shipping industry is expected to face are the decarbonization 2030 and 2050 norms. This article will focus on the aftermaths of the IMO 2020 norms and the COVID-19 pandemic on the marine lubricants industry and how it is likely to evolve in the future as the shipping industry tries to meet the decarbonization targets.