The IMO has agreed a 0.5% global sulphur cap on emissions by ships from 2020.
The IMO tweeted that the Marine Environment Protection Committee (MEPC 70) had agreed the 0.5% cap on sulphur emissions from ships would come into force in 2020, rather than the potential later date of 2025. IMO said it would provide more details later.
The cap has been flagged up by analysts as encouraging the scrapping of older vessels, especially when combined with the costs of meeting the Ballast Water Management Convention which comes into force in September 2017.
This decision will give a new boost to exhaust gas cleaning systems. More info in our next issue.