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NNA - IMO 2020 And Shipping - Our Forecasts Vs. Reality
Navios Maritime Acquisition Corporation
Note: This report was originally published on January 20th onValue Investor's Edge, a Seeking Alpha subscription service.
What Is IMO 2020?
The decision to implement a global sulfur cap of 0.50% m/m (mass/mass) in 2020, revising the current 3.5% cap, was announced by the International Maritime Organization, or IMO, the United Nations regulatory authority for international shipping on October 27, 2016.
This will affect as many as 70,000 ships and went into effect on January 1 of 2020.
The IMO provided guidance on how the maritime industry might comply: