We inform you that, starting from January 1, 2020, the International Maritime Organization (IMO) will implement new standards for sulphur content in oil fuel for ships. This must be decreased by 85%; thus, it shall be reduced to 0.5% m/m.
The carriers operating in ocean freight will have three possibilities:
- Adopt emission-cleaning technologies
- Adopt oil fuels that are compliant with the new regulations
- Adopt non-petroleum based fuels.
It is still not possible to forecast how costs will rise for ocean freight services. To mirror these new rules, carriers have already announced a change in the BAF rates calculation. In addition, chances are prices will be adjusted by the end of 2019.
The regulations will concern every kind of ship – no matter the dimensions and/or the routes.
IMO’s main goal is to protect the environment. Here at D.B. Group we understand that, and we fully agree to bring more sustainability also in our sector. For this reason, we will put maximum effort in designing shipments that will be in line with the new IMO 2020 rules.
If you need any further information, don’t hesitate to contact us.
D.B. Group
