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Commencing from 1 Jan 2020 the new "Global Sulfur Cap" mandated by the IMO or International Maritime Organization, comes in to full force and effect. The Cap will require the world's ocean shipping fleets to reduce and limit the maximum permissible sulfur content of the distillate and residual marine fuel oils they use from today’s maximum of 3.5% to a new maximum of 0.5% sulfur. The new sulfur limit regulations are known as "IMO 2020" and are intended to make a significant contribution to air pollution reduction by reducing global SOx emissions from ships' engines by 77% or 8.5 million metric ton per year. IMO 2020 has been ratified by 91 member countries of the IMO, the agency of the United Nations responsible for regulating global shipping.