IMO 2020: Think twice before finger pointing

IMO 2020: Think twice before finger pointing
Huang Xiayan Jan 06, 2020

With the implementation of International Maritime Organization Low Sulphur Regulation (or IMO 2020), concerns keep on growing amid recently announced bunker adjustment factors by carriers and the apparently far-from-enough low-sulphur output from global oil refiners.
With the stricter marine bunker standards kicking in on the very first day of the New Year, ships are prohibited from using fuels containing more than 0.5% sulphur unless they are already fitted with scrubbers or equipped for alternative fuels such as LNG. Any failure to comply with the global regulation results in fines and vessels being impounded.

Finger pointing never ceased for a second among shippers over who should take the blame for the extra cost IMO2020 would inflict on them, and unfortunately, to some extent logically, carriers have to bear the brunt of their wrath because of the straightforward business relationship between the two along the supply chain.

continue...https://www.seatrade-maritime.com/opinions-analysis/imo-2020-think-twice...