Words used to describe IMO 2020 include ‘chaos’, ‘confusion’, ‘shock’ and ‘disastrous’. In our view, the main impact and challenges are cost and uncertainty. Based on our studies of ship operating costs, IMO 2020 will result in higher costs for shipping, regardless of whether compliance is achieved by installing scrubbers, switching to low-sulphur fuel, scrapping ships or doing nothing, thereby risking penalties...
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www.tradewindsnews.com/casualties/1665673/ship-services-sectors-find-opportunity-and-challenges-in-imo-2020