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Press Article: Regulatory risks posed by green shipping are an issue for insurers

07 December 2020

Year 2020 marked the implementation of the much anticipated global 0.5% m/m sulphur cap regulation, commonly referred to as ‘IMO-2020’. However, the potential consequences from the fallout of IMO-2020 were overshadowed by the impact of the COVID-19 pandemic.

The pandemic also forced the International Maritime Organization (IMO) meetings planned to be held between March and July 2020 to be postponed and reconstructed on a virtual platform during the later part of this year, which effectively slowed down the pace of some key work done on the regulatory front.

Read the full article on page 7 of the December/January issue of Insurance Day, and accessed online here.