IMO 2020 - Alternatives and Investment Case
IMO 2020 - What is it?
2005
IMO
1997
IMO adopts
MARPOL
Annex VI
MARPOL
Annex VI takes
effect. Global
maximum
sulfur content
for all marine
fuel 4.5 wt.%
2008
announces
timeline for
marine fuel
sulfur content
reductions
2010
Max sulfur
content for
Marine fuel
consumed in
ECAS reduced
to 1.5 wt.%
2020
2012
2015
Max sulfur
content for
Marine fuel
consumed in
ECAS reduced
to 0.1 wt.%
Max sulfur
content for
Marine fuel
consumed in
ECAS reduced
to 0.5 wt.%
Max sulfur
content for
Marine fuel
consumed in
ECAs reduced
to 3.5 wt.%
Shipping's "Paris Agreement" /
"MiFID 400"
•
•
•
Comments
On October 27, 2016, IMO decided
to move forward with the
implementation of IMO 2020
(MARPOL Annex VI) from January
2020 as scheduled.
Basically IMO 2020 has set a global
limit for Sulphur in fuel oil used on
board ships of 0,5% mm (mass by
mass) from 1 January 2020.
Average fuel used today has 2.45%
sulfur (2015)
Shipping is responsible for 4-9% of
sulfur emissions, which can be
linked to pulmonary diseases.
H
HUNTER
GROUP
•
Worldwide mortality cases
attributable to ship pollution is
estimated to 60,000/yr (Corbett et
al. 2007)
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