

IMO New Regulation: Year 2020
The IMO (International Marine Organization) has stated by January 1st, 2020 all merchant vessels are required to decrease their sulfur emission from 3.5% to 0.5%. The purpose is to improve the environment and air quality, since vessels currently produce harmful emissions that are dramatically affecting our planet. What to expect Increased Shipping rates: To adhere to the new regulation, carriers will start increasing their costs which will trickle down to the importer. Carrie