The IMO has bungled the introduction of low-sulphur marine fuels in a big way and carries much of the blame for shipping markets’ downturn, shipowner Andreas Hadjiyiannis says.
“The IMO has done a terrible job. It’s a disgrace,” said Hadjiyiannis, who is president of the Cyprus Union of Shipowners (CUS).
It was “stupid and wrong” to enforce a 0.5%
