Peter Moore on Pricing: Paying the Piper on the High Seas

Posted by Peter Bransfield on Feb 10, 2019 10:40:00 AM

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Peter Moore, an Adjunct Professor of Supply Chain at Georgia College EMBA Program, Program Faculty at the Center for Executive Education at the University of Tennessee, and Adjunct Professor at the University of South Carolina Beaufort tells us recent action by the IMO and United Nations is requiring owners to make the required investment in scrubbers or even scrapping vessels in favor of new ones with clean-diesel engines that reduce pollutants by 95%

"In less than 12 months, the International Maritime Organization (IMO) regulations reducing emissions from ocean vessel fuels go into effect. Anyone who has seen a ship “blow its stack” with dirty bunker exhaust loaded with air pollutants knows why there’s a need to clean up the industry.

Vessel owners were lucky to be able to run between continents well out of sight of government and non-government organizations for over a century. The pollutants from a single ship equal thousands of automobiles—and all the while we’ve been leaning on car owners and manufacturers to reduce emissions for decades."

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Tags: Marine, Economics