IMO (Internal Maritime Organization) 2020? What is this? Not alot of people are aware of the coming changes in January 2020. These changes effect the fuel used by shipping tankers that carry imports and products around the world. So, how does that affect me? Let me tell you....
In short the IMO was set up to reduce the amount of sulfur in fuels used in these ships. Many are not compliant and the costs associated for this upgrade is extremely expensive for the new scrubbers. These tankers require dry dock in order to have the installation of the scrubber for compliance therefore being out of commission until updated. Additionally, the fuel cost have risen with the new compliance. These costs will be passed on to the consumer via higher prices on goods. Between, the Tariff War USA and China prices in the local super markets, big box stores, and thrift stores have already gone up! Now, we have to consider the additional cost that will passed down to the consumer for the IMO 2020.
This is Why Prepping is essential for all families. Your fore thought and consideration for your families well being will be a Blessing during hard times. Having water, food, and medicine for your home. I personally believe in having several months worth of food at all times. Lets not forget the importance of the necessary seasonal items like winter boots, coats, clothing and alternative forms of cooking/heating etc... Every family is unique and will have a different list of needs according to the climate/medical issues/ and more.
Below I have linked 2 articles but there are a ton more out there.
Here is a link with a short article written by Rueters: https://www.reuters.com/article/us-imo-shipping-factbox/factbox-imo-2020-a-major-shake-up-for-oil-and-shipping-idUSKCN1SN2BX
and here is a FreightWaves article: https://www.freightwaves.com/news/imo-2020-prep-is-already-increasing-cost-to-ship-goods-by-sea