The International Maritime Organization (IMO) has put the shipping industry in a tight spot by introducing a 0.5% global sulphur cap within fuel oil. This decision was taken in response to hazardous health concerns concerning the increasingly harmful impact of the sulphur oxide emissions. With 1st January 2020 the confirmed date of enforcement, shipowners must decide what steps to take next to meet the new regulations and deal with the massive drop from 3.5%.
If you have any questions about this matter do contact the author Georgi Slavov | gslavov@marexspectron.com