Did you know? IMO 2020 regulations
Did you know that the IMO has set new regulations into place 1 January 2020 to limit the sulphur oxide emission of ships?
The IMO (International Maritime Organization) has set new regulations into place 1 January 2020 to limit the sulphur oxide (SOx) emission of ships.
The limit of the sulphur content will be cut from currently 3,50% m/m (mass by mass) down to 0,50% m/m outside of designated emission control areas (ECAS). Within the ECAS the sulphur limit is 0,10% m/m and covers the Baltic Sea, the North Sea area, the North American area (designated coastal areas off Canada and the U.S.) and the United States Caribbean Sea area (around Puerto Rico and the United States Virgin Islands).
The new regulation limits the sulphur content in fuel oil. This means that ships must use oil with a low enough content of sulphur or marine gasoil to meet these new regulations. Another possibility for the ships is to install a scrubber. A scrubber is an exhaust gas cleaning system that removes sulphur oxides from the ship’s engine and boiler exhaust gases. This allows the ship to continue using 3,5% Fuel Oil.
Read part 2 here, where we will further explore the different opportunities for ships to comply with the new regulations and the available hedging tools. It is also possible to read more about the regulation on IMO’s own website.