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

MPC’s AS Laetitia
15 Nov 2018
MPC has placed firm orders for five units from an unnamed supplier for installation prior to the implementation of the global 0.5% sulphur cap on marine fuels on 1 January 2020.
A Maersk liner at sea
22 Oct 2018
A last-ditch attempt to delay the implementation of the global sulphur cap is expected to be made at this week’s Marine Environment Protection Committee (MEPC) 73 at the International Maritime Organization (IMO).
22 Oct 2018
Fuel cost increases in conjunction with the marine fuel regulation coming into force on 1 January 2020 are expected to quicken the demise of conventional reefer shipping and send perishables cargo volumes aboard container vessels soaring.
22 Oct 2018
China has been importing more LNG as the government promotes clean energy to combat pollution and now ENN Energy orders its first LNG bunkering vessel.
Flags outside IMO headquarters
19 Oct 2018
MEPC’s enforcement approach to IMO 2020 is high stakes for shipping and Big Oil.  
An artist’s impression of a carbon-neutral ship design
19 Oct 2018
Environmental technology will drive the shipping industry to the International Maritime Organization’s goal of reducing greenhouse-gas emissions by 50% of 2005 levels by 2050. Some of that technology already exists in the form of modernised sails and wing foils, while other technologies, such as bioethanol, will be delivered in due course. Together, the developments will create a cleaner industry.

Commentary

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