Online freight forwarder iContainers says the maritime industry will be left ‘shaken’ for at least a year following the implementation of the IMO2020 regulation. The new rule, which will come into effect in under seven months, requires sulfur oxide emissions from maritime vessels to be reduced from the current 3.5 percent m/m to 0.5 percent m/m. Because of the costly compliance process, which is estimated to cost between $10 and $15 billion annually, carriers and shipowners are shifting a big...