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SEA\LNG welcomes decision to implement marine fuel sulfur cap

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LNG Industry,

SEA\LNG has released a statement applauding the action taken by the International Maritime Organization (IMO) at the 70th meeting of its Marine Environment Protection Committee (MEPC 70), confirming that the global 0.5% cap on the sulfur content of marine fuel will come into effect in 2020. Member states must now implement this decision.

SEA\LNG was founded by Carnival Corp. & plc, DNV GL, ENGIE, GE, Gaztransport & Technigaz (GTT), Lloyd’s Register (LR), Mitsubishi Corp., NYK Line, Port of Rotterdam, Qatargas, Shell, TOTE Inc., and Wärtsilä, to address and overcome the challenges of widespread LNG adoption. The coalition has since welcomed Eagle LNG Partners, Keppel Gas Technology and ABS.

The Chairman of SEA\LNG, Peter Keller, said: “In light of MEPC 70’s approval of the global sulfur cap in 2020, there is now new impetus to resolve the structural and commercial obstacles hindering the widespread adoption of LNG as marine fuel.

“We anticipate increased and significant investments across the shipping value chain as a result of this decision and the certainty it provides. LNG is an economic, clean and safe marine fuel with increasing global availability, offering ship owners a real opportunity to improve the environmental performance of the industry.”

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