Tough new limits on pollutants are likely to cost the oil and ship industry billions of dollars, according to a Reuters report.
The United Nation’s International Maritime Organisation (IMO) agreed to targets last week that would drastically cut sulphur emissions from ship fuel by 2015.
According to the report, the revision of existing marine pollution laws will take place in two phases. The first will require cleaner burning distillate fuels in Sulphur Emission Control Areas (SECA) by 2015–followed by a reduction of sulphur content in all fuels from 2020-2025.
For more in-depth coverage on the new regulations, and their effects on the fuel and ship industries, read: "UN Body Nears Agreeing Ship Pollutant Limits."
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