News Content
No escape from UN's 0.5 sulphur fuel rule on January 1, 2020
THERE is little hope of escaping the imposition of 0.5 per cent sulphur fuel cap on January 1, 2020, says the air pollution czar at the UN's International Maritime Organisation (IMO).
"The only way the date could be changed is by an amendment to MARPOL Annex VI," said Edmund Hughes, the head of air pollution at the IMO, reports American Shipper.
"It takes a minimum of 22 months for an amendment to be proposed, approved, adopted and then enter into force. We have worked hard to get this decision," he said.
After that date carriers must meet requirements using costly liquefied natural gas (LNG) or install expensive scrubbers to remove sulphur from the ship's exhaust.
The Organisation for Economic Cooperation and Development (OECD) estimates that 2020 fuel rule will cost the container shipping industry an additional US$5 billion to $30 billion a year.
Another estimate by research and consulting firm Wood Mackenzie put the figure at $60 billion a year.
"The only way the date could be changed is by an amendment to MARPOL Annex VI," said Edmund Hughes, the head of air pollution at the IMO, reports American Shipper.
"It takes a minimum of 22 months for an amendment to be proposed, approved, adopted and then enter into force. We have worked hard to get this decision," he said.
After that date carriers must meet requirements using costly liquefied natural gas (LNG) or install expensive scrubbers to remove sulphur from the ship's exhaust.
The Organisation for Economic Cooperation and Development (OECD) estimates that 2020 fuel rule will cost the container shipping industry an additional US$5 billion to $30 billion a year.
Another estimate by research and consulting firm Wood Mackenzie put the figure at $60 billion a year.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
