Insurers likely to face huge volume of sulfur cap-related claims

Posted On: Jun. 4, 2019 6:17 AM CST

Refueling or bunkering in marine terms is carried out using a small tanker to pump the bunker fuel into the bigger ship./ SHUTTERSTOCK.COM

Experts said that marine insurers are likely to face a huge volume of claims related to the global sulfur cap on bunker fuel, which comes into effect Jan. 1, 2020, Splash247.com reported. Rolf Thore Roppestad, chief executive of Norway-based Gard Marine and Energy Ltd., said that the insurer has received more than 100 sulfur-cap-related claims from ship yards, vessel owners, bunker suppliers and machinery equipment manufacturers.