INTRODUCTION TO WEBINAR
Here is what you can learn from our webinar:
Market demand for marine lubricants
Impact of COVID-19 on global trade and the marine lubricants market
Decarbonization efforts and future fuels for the marine industry
Impact of implementation of IMO 2020 regulations on the marine
Kunal Mahajan - Project Manager, Kline Energy
About the Global Marine Lubricants: Market Analysis and Opportunities study:
The shipping industry faced two critical issues in 2020: the ongoing COVID-19 pandemic and implementation of International Maritime Organization (IMO) 2020 0.5% sulfur fuel norms, also known as IMO 2020. IMO 2020 led to operational challenges related to very low sulfur fuel oil (VLSFO) or 0.5% sulfur fuel usage for shipping companies. COVID-19 also led to some unique operational and economic challenges, including reduced on-board and onshore support and closed ports, plus a decline in international trade. Lastly, upcoming regulations related to maritime decarbonization present new challenges to the shipping industry.
Going forward, the marine lubricants industry is expected to change and become more complex in the future as the industry shifts toward multiple fuels and category I and II marine engine oils. The industry will also be affected by the growing importance of detergency over acid neutralization for marine engine oils and increased demand for better–quality marine engine oils. The increased adoption of digital technologies will impact lubrication–related services.
Independent consultants, consulting firms, and market research companies will not be permitted.
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About Kline Group
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