A recent article published in Insurance Business Asia reports that the global container shipping industry is grappling with potential risks from new rules that aim to reduce marine pollution.
Deadline for shipownersNew rules from the International Marine Organisation (IMO) have given shipowners a January 01 deadline to either:
- switch to low-sulphur fuel or
- install devices known as “scrubbers” in a bid to reduce global sulphur emissions.
However, industry figures have...