Specifically, IMO has already reported that more than half a million premature deaths will be prevented in coastal communities over the next 5 years when the future rules come into force.
In addition, Mr Balston believes that after the industry changes to low-sulphur fuels, the price of these fuels will become stable in the short term, achieving parity with blended Sulphur fuel.
I think is very important to ensure that we have a very strong implementation regime that countries do monitor emissions very strictly
... commented Mr Balston, when asked about why the UK is strictly implementing the new regulations to its shipping industry.
He added that the UK is following a direct and fast path to sustainability and reduction of shipping emissions, in comparison to other countries in the world.
Moreover, in light of the UK's geographical location, many of its ships trade worldwide, with quite of them remaining in North European waters. Thus, in the North European waters, all the states around the Baltic, the North Sea and the Channel are going to very strictly regime compliance and control when it comes to emissions and fuels, because of the sensibility of these areas.
Referring to the health of those operating across all UK ports, Mr Balston highlighted that it is important that workers operate in a cleaner and healthier environment, an environment that would not result to asthma, as he commented.
In mid-2019, Anna Ziou, Policy Director of UK Chamber of Shipping, provided four key areas that need to be addressed before the 2020 deadline, to help its members comply with the regulation and be ready for the transition. In essence she informed about:
- How the regulation will be consistently enforced globally;
- Education on how new compliant fuel should be handled;
- How shipowners can report compliance issues to competent authorities;
- Mitigation of any safety issues related to switching to low-sulphur fuels.