Sulphur cap could add $60bn to shipping costs

The International Maritime Organisation (IMO) sulphur cap regulation will “dramatically alter the global supply chain landscape”, said The Gulf Petrochemicals and Chemical Association (GPCA).

The Gulf Cooperation Council countries, whose petrochemical exports make up 70-80% of total exports, will need to adopt the necessary changes to mitigate supply chain risks, said the GPCA in a report.

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Sulphur cap could add $60bn to shipping costs

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