
The world’s oil tanker owners can breathe a sigh of relief: a vital Middle East shipping hub is going to start enforcing sweeping new rules on the sulfur content in vessel fuel gradually.
The United Arab Emirates will start by taking a flexible approach toward those ships that breach the environmental regulations when they enter into force on Jan. 1, Federal Transport Authority Chairman Abdullah Al Nuaimi said in an interview.
“It’s not going to be right from day one” that the U.A.E. starts imposing penalties, Al Nuaimi said. “It’s very important to realize that…
View entirety: Bloomberg