An environmental rule hitting the maritime world at the turn of the New Year will open a steep divide in operating costs across shipping markets. A large share of vessel operators have chosen to limit their sulfur emissions with exhaust systems called scrubbers that trap sulfur created by fuel-burning engines. The systems cost several million… Continue reading Maritime Emissions Rule Triggers Split in Shipping Costs
Tag: pollution insurance
Shipping Industry Sails into Unknown with New Pollution Rules
Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks. To reduce emissions of toxic sulphur that cause premature deaths, shipowners who have long relied on the dirtiest residues of oil extraction will have to either switch to low-sulphur fuel or install exhaust gas cleaning systems from Jan.… Continue reading Shipping Industry Sails into Unknown with New Pollution Rules