to shipping fuel standards will come into force in less than two weeks, leaving energy market participants braced for a period of confusion and uncertainty.designed to significantly curb pollutionAmid a broader push toward cleaner energy markets, the IMO is poised to ban shipping vessels using fuel with a sulfur content higher than 0.5%. At present, the upper limit on sulfur oxides is 3.5%.
The new regulations are the result of a recommendation that came from a subcommittee at the United Nations more than a decade ago and was adopted in 2016 by the UN's IMO, which sets rules for shipping safety, security and pollution.to slash its sulfur emissions, given the pollutant is a component of acid rain, which harms vegetation and wildlife and is also blamed for some respiratory illnesses.A crane loads a shipping container branded A.P. Moller-Maersk onto a freight ship.
Xeneta's Berglund agreed that shipping liners would most likely not want to be seen taking risks when it comes to non-compliance, especially with so much attention on the intensifying climate crisis.
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