CLH - IMO 2020: An Overview Of The Its Effects In Shipping Oil And Other Industries
The International Maritime Organization {IMO} for short is rolling out a new regulation regarding the acceptable levels of sulfur oxides {SOx} emissions from 3.5%m/m to 0.5% m/m with the goal of reducing ship-produced air pollution. This new rule comes in effect on January 1st, 2020. This new rule is causing many changes across the shipping sector creating a lot of investment opportunities in a wide variety of companies.
Source: stillwaterassociates.com
The first and most obvious affected industry is shipping. All ship-owners are faced with a crucial dilemma on how to respond to this new regulation.