Global sulphur cap sooner than expected?
The International Chamber of Shipping (ICS) said that the shipping and bunker refining industries should work to the possibility that the global 0.5% sulphur in fuel cap, required by the International Maritime Organization (IMO), is more likely to be implemented worldwide from 2020, rather than 2025.
ICS members will continue to work with the bunker refiners to help ensure that they will be ready, if necessary, to supply sufficient quantities of compliant fuel by 2020.
Annex VI of the IMO Marpol convention included an option that implementation of the global sulphur cap, which might increase the cost of marine fuel for the shipping industry worldwide by as much as USD 50 billion a year, can be deferred until 2025. This decision is meant to be subject to the results of a fuel availability study that the IMO is legally required to complete before the end of 2018.