Bulker markets are braced for a slowdown from next year — literally. Much of the trading fleet will need to sail at reduced speeds to maintain compliance with shipping’s incoming emission regulations.
The International Maritime Organization’s Efficiency Existing Ship Index will enter into force on 1 January, measuring and restricting CO2 emissions, taking just the ship’s design parameters into consideration.
Bulkers will be required to reduce their carbon emissions by 15% to 20%, depending on their size, from their current Energy Efficiency Design Index (EEDI) notation.
