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The International Maritime Organization (IMO) will enforce a new 0.5% global sulphur cap on fuel content...

The International Maritime Organization (IMO) will enforce a new 0.5% global sulphur cap on fuel content from 1 January 2020. Use relevant examples and industry information to complete the following two tasks.

a) Explain the impact of the new regulation on the shipping market from the economic perspective.

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Answer #1

Such a policy regulation shall lead to higher and better alternatives in markets with lower sulphur content which is less hazardous. However this will drive fuel costs higher because of market and operational expenditure. The shipping industry thus will see contractionary margins and net profit will decline in short run which can lead to higher economies of scale and higher volumes in transportation.

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