What the IMO levy rollback means for shipping
- Compliance burden will be heavier and more complicated
- Enforcement is a big question
- Complexity of commercial agreements between owners, charterers, managers will ‘skyrocket’
The IMO green talks look headed toward a fuel standard with a revenue-raising feature baked in, instead of a separate levy. That’s probably bad for the planet, but what will it be like for industry to live with?