Maersk Oil Trading and BP are ready for sulfur regulations
As the debate intensifies concerning whether 2020 or 2025 is the right year for low-sulfur fuel, both Maersk Oil Trading and BP Marine have announced that they will be ready by 2020. A 2020 decision would be better than waiting any longer, the companies tell ShippingWatch.
BY TENNA SCHOER
The topic comes up at lunchtime. It comes up in the long, carpeted hallways. And it comes up on stage: Will the industry be ready for the new IMO emission requirements by 2020 or 2025?
A large number of the world’s container vessels will be forced to sail slower once the IMO’s CO2 rules come into force next year, DB Schenker executive predicts. The rules will ”result in a big redesign of all our schedules.”
Ammonia, which can be environmentally damaging if handled incorrectly, has a very big potential as a future fuel for shipping. An order book will be seen in the market from 2028, forecasts research center.
Box carriers’ access to sharing capacity and ships contributes to lowering carbon emissions, according to three shipping organizations, which are thereby arguing in favor of maintaining the EU’s competition dispensation for container shipping.