Industry lobby group, SEA/LNG, has welcomed the news that a global 0.5% cap on the sulfur content of marine fuel will come into force in 2020. The International Maritime Organisation recently agreed the timeline for the cap at athe 70th meeting of its Marine Environment Protection Committee (MEPC).
“In light MEPC 70’s approval of the global sulfur cap in 2020, there is now new impetus to resolve the structural and commercial obstacles hindering the widespread adoption of LNG as marine fuel,” said Peter Keller, Chairman of SEA/LNG.
“We anticipate increased an significant investments across the shipping value chain as a result of this decision and the certainty it provides,” continued Keller. “LNG is an economic, clean and safe marine fuel with increasing global availability, offering ship owners a real opportunity to improve the environmental performance of the industry.”
The MEPC 70 decision will now be implemented by member states of the International Maritime Organisation.
SEA/LNG is a coalition of shipping companies, classification societies, ports, major LNG suppliers, LNG downstream companies, infrastructure providers and OEMs that was established to promote the use of LNG as a marine fuel.
Read the article online at: https://www.drybulkmagazine.com/shipping/01112016/sealng-welcomes-low-sulfur-rule-timeline/