Media: Lack of environmental requirements will put suppliers out of business

The IMO's decision to postpone the implementation of environmental requirements could have massive consequences for the companies that have worked to develop the proper environmental technologies, writes Danish trade magazine Ingeniøren.

The IMO's decision to postpone the NOx requirements and the requirements for ballast water management won't just be a nuisance or a bump on the road. Ultimately, the decision could put the companies that have worked to develop the technologies out of business, according to an article in Danish engineering magazine Ingeniøren, which has interviewed dr. techn. Jørgen Juncher Jensen, professor at the Technical University of Denmark.

"Many of the small and medium subcontractors in particular are dealing with some massive development costs, which will be difficult to repay when the market is punctured," says Jørgen Juncher Jensen to Ingeniøren.

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