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BP expects strong compliance for marine sulphur emissions caps

Reuters  |  NEW ORLEANS 

By Devika Krishna KumarNEW ORLEANS (Reuters) - Oil major BP Plc expects more than 90 percent of the world's shipping fleet will comply with new regulations slashing sulphur levels ships are allowed to burn starting 2020, a company executive said on Tuesday.Coming International Maritime Organization (IMO) rules will cut the amount of sulphur emissions that ships worldwide are allowed from 3.5 percent to 0.5 percent by 2020."Potential non-compliance is a significant issue that the market has been contending with," Jason Breslaw, who leads BP's distillate trading origination across the ...

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First Published: Wed, March 14 2018. 01:27 IST