Global Sulphur Cap 2020

As of 2020, the global cap for sulphur content in marine fuels will be 0.5 % necessitating use of low-sulphur fuels or abatement technologies for continued use of heavy fuel oils. During 2018, our maritime department has analyzed the options for our fleet and operations, in light of the anticipated availability of fuel beyond 2020.

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On some of our vessels, we have decided to install scrubber systems progressively towards 2020. The remainder of our fleet will switch to low sulphur fuels, in compliance with the global cap and any applicable local regulations. Minimizing consumption of fuel across our fleet remains a priority, with several ongoing initiatives in our maritime and technical departments. In sum, this will enable us to maintain a competitive fleet that is fully compliant with environmental regulations and in line with our environmental commitments.