Breaching global sulfur regulations could cost insurance
Shipowners should not assume that insurance will continue to cover if the global sulfur requirements in 2020 are violated, warns insurance broker Marsh. At Skuld, it is seen as unlikely that there will be prejudice in the P&I coverage, the CEO tells ShippingWatch.
It is time to take action and take a stance, global insurance broker Marsh tells shipowners, which must comply with the global sulfur regulations in 2020, where vessels may not sail on fuel with sulfur content exceeding 0.5 percent.
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