Shippers have a great deal to consider as IMO 2020 looms
IMO 2020 regulations mandate the reduction of sulfur levels in the bunker fuel ships use beginning January 1, 2020. Despite this date being less than six months away, many questions remain, 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.