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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.

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