A proposed carbon levy is the latest in a wave of change potentially facing the global shipping industry, reports Opportune.
IMO2020 regulationsThe year 2020 has been one of unexpected change and it has been no different for the maritime space. On January 1, the International Maritime Organization (IMO) started enforcing a new regulation (IMO 2020) that caps the allowable sulfur content in all global fuel oil used in ships from its former level of 3.5% m/m (mass/mass) to 0.5% m/m.
The demand...
https://mfame.guru/gauging-the-impact-of-a-proposed-carbon-levy-on-shipping-costs/