Shippers have a great deal to consider under IMO 2020 regulations
IMO 2020 regulations mandated the reduction of sulfur levels in the bunker fuel ships use on January 1, 2020. Many questions still remain as the market adapts, ranging from the availability of compliant fuel to how the industry will handle new regs. How will ship owners comply faced with high-cost implementation options? Or could non-compliance be a less costly option?
Download this infographic for a breakdown of the compliance options, past penalties levied for non-compliance with the IMO's ECAs mandate, and possible cost scenarios for non-compliance with IMO 2020.