U.N. sets rules to cut sulphur emissions by ships from 2020

A session of the International Maritime Organization’s (IMO) Marine Environment Protection Committee in London set the new requirements, which will see sulphur emissions fall from the current maximum of 3.5 percent of fuel content to 0.5 percent.
The move will add extra costs to the shipping industry at a time when parts of it are going through their worst ever downturn. Analysts estimate the additional costs for the container shipping sector alone could be $35-$40 billion. Continue reading →

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