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 city’s polluted skyline
19 Nov 2018
According to the most recent figures, some USD23 trillion of professionally managed assets now use ESG or other responsible investment strategies.
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.
New 0.5% sulphur blends will be covered by the ISO 8217 specification. Credit: DNVPS
17 Jul 2018
There had been concern among the shipping and bunkering industries that ISO 8217 would not encompass future 0.5% fuels, with the potential to cause significant safety issues if fuels become unstable or damage machinery.
Sulphur emissions at sea
17 Jul 2018
Regional port state control organisations are planning a “letter of warning” information campaign aimed at shipowners to underline that compliance with the sulphur cap must take place from 1 January 2020, Hideo Kubota, secretary of the Tokyo MOU, has told Fairplay.
Data centre
17 Jul 2018
Analytics of big data and technology to address environmental issues and emissions are expected to be significant drivers of change over the next five years, but less so blockchain.

Commentary

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