"The shipping industry is already struggling due to poor global demand and overcapacity... To comply with new European Union laws, shipping companies now face extra costs of €2.6 billion to €11 billion to switch fuels or to fit exhaust filters that would scrub out the sulphur in marine fuel oil. The shipping industry supports lower emissions targets but says there are not enough low-sulphur fuels being produced to meet today's needs." (Quoted from article)