A little over a month into the IMO 2020 switch from 3.5% to 0.5% sulfur bunker fuels, the lifting of US sanctions on COSCO-owned tankers and dented crude oil and jet fuel demand due to the coronavirus outbreak had tanker freight take a u-turn and re-open arbitrage flows from the US Gulf Coast. Marieke Alsguth, Barbara Troner and Catherine Wood of the S&P Global Platts shipping team talk about how the first 40 days of IMO 2020 have shaped up for the Americas loading tanker markets.