The end of the world as we know it...

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Fascinating blog from Wallenius Wilhelmsen’s head of environment Roger Strivens on how the shipping industry is set to change, following the recent implementation of the low-sulphur emissions regulations in certain parts of Europe and the US, and which he expects to be extended elsewhere in coming years. The real problem with the new legislation, he argues, is not the rules themselves but their enforcement. “Companies that take their chances on non-compliance stand to realise major cost savings.  Over time such savings can distort the competitive landscape and, without an appropriate response from the authorities, will lead to growth in the number of non-compliant operators.”