Shipowners are encouraged to assess trading strategies as they weigh sulphur cap compliance options.
Safety & Regulation
The Ship Recycling Transparency Initiative facilitated by Sustainable Shipping Initiative and industry leaders, brings together leading shipowners, financial stakeholders, and classification society to accelerate responsible ship recycling practices and improve transparency.
The IMO’s revised MARPOL Annex VI and the EU Benchmark Regulation will have a major bearing on the Baltic Index business when the sulphur-cap regulations come into full force on 1 January 2020.
North P&I Club urges caution about potential charterparty disputes arising from sulphur cap, due to come into force on 1 January 2020.