Scorpio Tankers Ready to Sting as Shipping Faces Fuel Restrictions [The Motley Fool]
SCORPIO BULKERS INC (SALT)
Last scorpio bulkers inc earnings: 1/27 07:47 am
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scorpiobulkers.com/investors/shareholder-services/dividend-tax-treatment/2018
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Source: The Motley Fool
Scorpio Tankers Ready to Sting as Shipping Faces Fuel Restrictions In an age of D printing, drones and overnight delivery, transporting goods slowly by water seems antiquated. And yet shipping accounts for 90% of world trade, carrying raw materials, food and manufactured goods across oceans to make a global economy possible. The 0,000 ships in the world's merchant fleets are among the biggest polluters on the planet, with a single large ship emitting as much sulfur dioxide as 0 million diesel cars. To mitigate that situation, the International Maritime Organisation in 0 ordered ships to reduce the amount of sulfur in their fuel from .% to 0.% with a deadline of Jan. , 00. It is a massive shift that will ripple through the entire energy industry, affecting low-sulfur fuel refiners like Valero Energy Marathon Petroleum Frontline Scorpio Tankers ( NYSE:STNG Image source: Getty Images. Shipping DNA The latter is part of the Scorpio shipping group that was floated to the public in 00. It i
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