Indian ship owners, like their global peers, are all at sea over a new global rule on using low sulphur fuel oil on board ships, which will come into force in 14 months to check sulphur emissions.
Beginning January 1, 2020, ships must use fuel oil on board with a sulphur content of not more than 0.5 per cent m/m (mass/mass), sharply lower than the current global sulphur cap of 3.5 per cent m/m, according to rules framed by the International Maritime Organization (IMO). Ships can meet the requirement by using low-sulphur compliant fuel oil or continue to use high sulphur fuel oil by fitting exhaust gas cleaning systems or scrubbers.
“We are watching everyone and preparing in the background,” says Anoop Kumar Sharma, Chairman and Managing Director at Shipping Corporation of India Ltd. Read more
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