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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs