Why 2020 Will Change Global Shipping Forever

Why 2020 Will Change Global Shipping Forever

Assessment

Interactive Video

Business, Architecture

University

Hard

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The video discusses the IMO 2020 regulation requiring ships to use low sulfur fuel, impacting shipping costs and operations. Medium range tankers, like Ardmore Shipping, may benefit from increased demand. The transition involves using gas oil or diesel initially, with potential cost pass-through to consumers. Market adaptations include slowing down ships to reduce fuel consumption. The regulation's impact could last up to two years, with significant changes in shipping rates and market dynamics.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the two options available for shippers to comply with the new low sulfur fuel regulations?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How much could the new regulations potentially add to the annual fuel bill for big shippers?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges do sectors like container shipping or dry bulk face with the new fuel regulations?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the expected increase in demand for Ardmore Shipping's type of ship due to the new regulations?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the anticipated duration of the transition period for the new low sulfur fuel regulations?

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