DHL GF: Ocean freight market update (December 2018)

“IMO2020 is the first regulation in a series of steps by the International Maritime Organization (IMO) to reduce emissions in response to climate change. It introduces a new marine fuel regulation, which limits the sulphur emissions caused by marine fuels. Sulphur, a natural element of crude oil from which shipping fuel is derived, is a key cause of air-polluting particulates (soot) emitted by ships. The new sulphur level regulation is intended toreduce the amount of air pollution generated by the shipping industry and improve air quality.”