The new fuel sulphur regulation of the International Maritime Organization (IMO) implies a 0,5% global sulphur cap for marine fuels to be in force. All ships will have to use fuel on board with a sulphur content of no more than 0,50% against the current limit of 3,50% in an effort to reduce the amount of sulphur oxide.

Sulphur 2020 is arguably the most impactful environmental regulation to date in ocean transportation and has far-reaching technical, commercial and operational consequences. It’s widely acknowledged that the regulations have significant consequences for both ship owners and their customers.

The company did not announce any details about how it plans to recuperate the extra costs involved with the new regulation.