Shipowners are not the only ones getting ready for the IMO 2020 rule change on 1 January — when all ships trading face a 0.5% sulphur cap on fuels unless they install exhaust gas scrubbers.
Protection and indemnity clubs are also preparing for a seismic shift in insurance risk as owners seek cover for compliance risks, despite many unknowns still existing around the use of compliant fuels or scrubbers.
