02
Mar
2020 marks the beginning of a new era for the container shipping industry.
January 1 brought with it the implementation of a regulation issued by the International Maritime Organization known as IMO 2020, which requires carriers to limit the sulfur content of the fuel they burn to 0.5%—a drastic reduction from the previous cap of 3.5%. The aim of the mandate, one of the most substantial and far-reaching regulatory changes in the marine shipping industry’s history, is to sharply reduce...