Shipowners Are Currently in Fuel “Limbo”

The complex financial calculations and logistics relating to the transitional period regarding shipping fuels, with low-sulphur fuel rules coming into play on January 1st 2020 and rules on fuel on board coming in on March 31st is already causing problems for some ship owners, according to a recent Intermodal weekly report.

It said that “with less than two months before the end of the year, the shipping and refining industries have already taken measures and invested to accommodate the IMO 2020 regulations. As the implementation date for the 0.5% sulphur cap approaches…

View entirety: Insurance Marine News