MAN Global Sulphur Cap 2020 Industry survey report

MAN PrimeServ 6 4) Countering higher fuel costs with retrofits 54% of respondents believe that fuel prices will increase after 2020 (19% of these expect to see a significant rise). As such, the majority (53%) is already planning to invest in fuel-saving retrofits to counter these costs and maintain competitiveness. A similar approach was taken by many across the industry when Slow Steaming became a common practice, helping to secure the future of their business. 5) Time is almost up A clear understanding of the complexities involved, as well as how the industry is thinking, can accelerate your own decision-making process. For example, knowing the lead time needed to flush your system with compliant fuels is crucial to your process, and that others have already factored this in can support your own strategic planning and competitiveness. The overarching conclusion is that, at this late stage, there is simply not enough time to leave anything to chance. KEY FINDINGS