In his New Year message, President and CEO has observed that the
implementation of IMO 2020 will ‘have a crucial bearing on th success of the
“One issue that will have
a notable impact on the global shipping industry is the enforcement of new
sulphur oxide (SOx) emissions regulations in January 2020,” Ikeda added.
According to the MOL chief, “It is no exaggeration to say that
the enforcement of these regulations will mark a major turning point that will
have a crucial bearing on the success of the MOL Group as well as the marine
transport industry as a whole.
“We have less than one year left to prepare. Operational
concerns notwithstanding, we need to re-examine whether our preparations are
adequate on the sales and marketing fronts, and identify any hidden risks.”
He said MOL would draw on the full range of its experience to
rise above the challenges placed by the low sulphur regulation.