Press Release

State of Ocean Cargo: New costs, consultation to burden fleet owners

Now that the IMO 2020 fuel sulphur regulation is firmly in place along with new discussions about what to do next to reduce greenhouse gas emissions, carriers find themselves back on their heels.

“The environmental profile of ocean carriers is critical today for a host of interconnected reasons, including social responsibility, shipper requirements, long-term business planning, regulatory certainty, and operational safety,” notes John Butler, president and CEO of the World Shipping Council.

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