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IMO close to sulfur decision awaited by the entire industry

Suppliers, shipowners, and oil companies are anxiously awaiting a decision from the IMO this week regarding sulfur emissions which will have billion-dollar consequences for parties involved. This Monday, two controversial reports will be discussed in London, and these reports will play a big part.

Photo: /ritzau/Thomas Borberg

This week maybe perhaps already Monday or Tuesday the International Maritime Organization (IMO) will decide if global sulfur requirements for the shipping industry should be implemented by 2020 or 2025.

The decision is highly anticipated and the various stakeholders have done everything in their power to influence the outcome of the decision to be made by the IMO Marine Environment Protection Committee (MEPC) at IMO headquarters in London. This decision is crucial for the environment and global public health, and it is not least a decision which involves investments totaling billions for shipowners as well as the opportunity for major sales at scrubber manufacturers.

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