‘A drastic step-change is expected in 2020 and if a smooth transition is not ensured, the impact will be great,’ it notes.
‘We plan to fully leverage what has become an improved market through multiple opportunities,’ says Chairman and CEO.
The ban for carriage of high-sulphur fuels, if approved, will be adopted in October and come into force in March 2020.
‘In reality, the chances of postponing the Sulphur Cap 2020, are very, very small,’ explains Executive Director.
‘We do not think that sulphur scrubbers are an effective solution either technically or environmentally,’ says Chairman.
The Guidelines for exhaust gas cleaning systems will be updated to clarify a number of issues.
Questions also need to be answered regarding unintentional and involuntary non-compliance with sulphur limits, says IBIA.
Questions about potential non-availability situations of compliant marine fuel and other scenarios were discussed at PPR 5.
It will be difficult to find out ‘inflection point’ between fuel oil and MGO, says company executive committee member.
Some countries pleading for a transition period after 1 January 2020, expressing concerns about fuel availability, disruption of trade, and more.
