Impact of IMO 2020 Fuel Rules on Shipping Firms

From 01 January 2020, the shipping world can only take on bunkers with a maximum sulphur content of 0.5%.
Penalties for non-compliance will depend on local law and could be from criminal charges on owners to vessel being declared unseaworthy.
Seaworthiness is absolutely necessary for marine insurance.
Cleaning up tanks, pipes and pumps for a full transition towards 2020 compliant fuel is an expensive and time-consuming task.
Availability issues persist, though the refineries have been working...