Ship owners and operators say they’re having a tough time grappling with the complexities and impact of IMO 2020. So, imagine what the rest of us feel. To make the issue a tad easier to understand, we’ve extracted various numbers that underpin the issue. Estimates come from various sources, including AlixPartners and SeaIntelligence Consulting.
- 3.8 million: The number of barrels of fuel oil consumed each day by the global maritime industry, according to the International Energy Agency.
- 600,000: The number of barrels per day of low sulfur fuel burned by ships globally.
- 3.5: The percentage of sulfur in fuel now allowed.
- 0.5: The percentage of sulfur allowed in bunker fuel under IMO 2020.
- 10 to 12 billion: The number of additional dollars IMO 2020 will cost the container freight trade each year.
- 200 to 220 billion: The dollar amount of total ocean vessel revenue.
- 8 billion. Estimated dollar profits of the ocean freight liners between 2011 and 2017.
- 23 million: The global container shipping capacity of 20 TEU equivalents.
- 200: The dollar spread between higher sulfate marine diesel and lower sulfate marine gas.
- 2 million to 10 million: The estimated cost in dollars of a scrubber to capture excess sulfur.
- 60,000: The number of vessels globally.
- 3,000: The number of ships expected to be equipped with scrubbers by Jan. 1, 2020.
- 5: The percentage of shipping that will be equipped with scrubbers by 1/1/20.
- 2016: The year the new IMO regulations were promulgated.
- 4: The number of years the industry had to prepare for the new regulations.
