Report: Every third carrier will not be ready for new environmental regulations

More than one in three carriers will be not be able to comply with the global sulfur cap or ballast water regulations in 2020, shows a new report from investment bank UBS.

Photo: /ritzau/Marius Nyheim

On Jan. 1, 2020, only 64 percent of carriers will be able to sail in compliance with the forthcoming environmental regulations on sulfur and ballast water.

"This is surprisingly low, given compliance of over 90 percent within EU's emission control areas (ECAs) and the penalties for non-compliance," writes UBS in the report, clarifying the figure.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. In a short period of time, Poseidon will reassess its ambition.

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Further reading

Related articles

Trial banner

Latest news

See all jobs