Press Alert: Prudent owners should run for cover as pollution delays spike
Shipping is a major carrier and emitter of pollutants so it has rightly come under increasing scrutiny from regulators. The industry is subject to ever-stricter environmental legislation and targets, the latest being the IMO’s 0.5% global sulphur cap on marine fuel that comes into effect from January. Even the slightest evidence of pollution can now lead to any nearby ship being arrested or detained pending a full investigation to find the guilty party and make them pay.
So what can shipowners do to protect themselves in the face of this generational shift in attitudes?
Nick Rowe, Underwriting Director of The Strike Club, has written an article in TradeWinds about the challenges ships may encounter regarding the ever-stricter environmental legislation and targets. The full article is available to download here, reproduced with kind permission.