The global fuel regulation IMO2020 will enter into force on January 1, 2020 – from that point on, all vessels worldwide will only be able to use fuel oil with a maximum sulfur content of 0.5 percent. In this video, CEO Rolf Habben Jansen explains which options exist for complying with the regulation and discusses the structure of the Marine Fuel Recovery (MFR) mechanism that Hapag-Lloyd introduced in October.
The so-called IMO2020 regulation will entail a radical change for the entire shipping industry. However, the good news is that this regulation will make the industry greener and that it is an important step on the path toward setting uniform standards that will benefit both the environment and people. The regulation is the largest in a series of International Maritime Organization (IMO) measures aimed at reducing marine pollution. However, it is only the beginning: In addition to reducing sulfur, the IMO also aims to bring about additional reductions in emissions from the entire shipping industry. By 2050, absolute greenhouse gas emissions across the industry are supposed to be halved compared with 2008, and shipping is supposed to be emission-free by 2100.