The IMO's decision to implement a global sulfur cap of 0.5 percent for ship fuel in 2020 is now resounding throughout the industry. Maersk Line's alliance partner MSC projects that the directive will cost the carrier USD 2 billion annually, and Maersk Line similarly expects huge additional costs.
"At Maersk Line alone, the additional costs will amount to billions of dollars," writes Aslak Ross, Head of Marine Standards at Maersk Line, in an email to ShippingWatch.
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