The deadline of January 2020 for the cap on sulphur content in fuel oil for shipping is looming. The International Martime Organization's (IMO) MARPOL Annex VI, first adopted in 1997, sought to limit the main pollutants contained in ships' exhaust gas, including sulphur oxides (SOx) and nitrous oxides (NOx). Under the revised MARPOL Annex VI, the sulphur content of fuel oil used on board commercial ships trading outside sulphur Emission Control Areas (ECAs) must not exceed 0.50 percent m/m. The current global limit is 3.50 percent m/m which has been in place since 2012.
The IMO's move to introduce a 'global sulphur cap' presents a significant regulatory move aimed at reducing greenhouse emissions and making shipping more environmentally responsible and friendly.
As the last two months close in on shipping companies, container shipping lines have been on their toes to take steps for ‘equivalent’ compliance which include LNG-powered ships, use of expensive fuel with low sulphur content or abatement technology, exhaust gas cleaning systems (ECGS, also known as ‘scrubbers’).
Implications on the environment & shipping business
As operators and ship owners comply in letter and spirit, the latest regulations will significantly bring down the greenhouse emissions, considerably impacting the environment positively. The IMO has committed to reducing greenhouse gas emissions from the world’s shipping fleet by at least 50 percent from 2008 levels by 2050, while anticipating a nearly threefold increase in the number of ships in the industry.
“We welcome the new regulation and fully support the IMO2020, and we especially look forward to having a level playing field for all vessel owners.
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