31MAY2019 - NEWS - Asian Shipowners Confident that IMO 2020 Rule Will Be Navigated Successfully

The Asian Shipowners’ Association (ASA) held its 28th Annual General Meeting on 28th May 2019 in Bangkok, Thailand, hosted by the Federation of ASEAN Shipowners’ Association (FASA) Thailand. 

In 2008, the industry applauded when the IMO adopted amendments to MARPOL that could introduce a global sulphur cap – this was proof that the industry could govern itself with practical and progressive goal-based regulations. We are now a few short months from 1 January 2020, and whilst the ASA SNEC is confident that, in the long run, the shipping industry will eventually settle into a new equilibrium, a great deal of work needs be done in the time remaining.

Fortunately, MEPC 74 met earlier this month and was able to demonstrate that it was up to the task of addressing most of the issues facing the industry, such as concerns over testing standards for compliant fuel.

There will undoubtedly be issues that crop up over the next few months and shipowners are concerned about the complex operational challenges and increased risks they may face post 1 January 2020. Nevertheless, the ASA SNEC is confident that the industry, working closely with their respective maritime administrations, the IMO and other stakeholders, will be able to navigate the future together.

Published by Editor - www.Livebunkers.com at 31-May-2019 02:40:40 [UTC] , contact editor at editor@livebunkers.com