Sulphur cap regulation to squeeze Nigerian shippers by N1.8trn
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The new International Maritime Organisation (IMO) decision to lower its global marine fuel sulphur limit to 0.5 percent in 2020 could cost Nigerian shipping companies over N1.8trillion in installation costs for exhaust gas abatement systems, an option which seems the most practical to ensure compliance. On October 28, 2016, the IMO, a specialized agency of…
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