Sulphur cap countdown

With 2020 rapidly approaching, much of the shipping industry is trying to ascertain what the International Maritime Organisation's 2020 sulphur cap means for them. As one of the most important regulations to ever hit the maritime world, it will have an impact across the shipping ecosystem, from boardrooms to engine rooms and brokers to seafarers. Given the scale of the impact, many stakeholders are worried about what it means for their business, while some are also anticipating it could deliver them bumper profits. The Fairplay team will be tracking the key developments as we approach 2020, highlighting the risks and opportunities of this momentus change for our industry.  

News & Analysis

A bunkering operation
21 Nov 2018
Shipowners vow to regroup after fuel compliance proposal fails to gain traction.
NYK Line president Tadaaki Naito.
02 Aug 2018
This is the second LNG bunkering project NYK Line is engaged in, after investing in an LNG bunkering vessel with "K" Line, Chubu Electric, and Toyota Tsusho Corporation.
Contract signing ceremony between Polaris and Hyundai Heavy Industries
01 Aug 2018
Brazilian miner Vale becomes one of the few shipowners to fit scrubbers on 48 VLOC newbuildings with the SOx emissions coming into focus as the 2020 global sulphur cap approaches.
2002-built, 24,409 gt Nápoles
01 Aug 2018
Spanish ferry operator Baleària is investing EUR60 million to retrofit five of its ferries to run on LNG in the next two years as part of its plans to have an ‘eco-efficient’ fleet.
Ship emissions.
20 Jul 2018
The ICS report, Reducing CO₂ Emissions to Zero, provides a summary of the strategy agreed in April at the International Maritime Organization (IMO) to cut the shipping industry’s greenhouse gas (GHG) emissions in half by 2050.
A Suezmax vessel
18 Jul 2018
There is renewed optimism for the Suezmax sector’s prospects, as the orderbook is limited and more tonnage is expected to be scrapped as the sulphur deadline draws near.

Commentary

As the 2020 sulphur cap nears, access to credit could be the crunch point for shipowners.