The International Maritime Organisation (IMO) has rejected a proposal submitted by Turkey and the International Council of Marine Industry Associations (ICOMIA) that sought to mitigate the impact on the yachting industry caused by Tier III regulation.
Turkey and ICOMIA proposed an alternative standard for vessels currently covered under a delay provision which expires in 2021. Meeting this standard results in reduced guest cabin space as gas exhaust treatment systems have to be installed.
The consequence of this could render yachts just above the 24m threshold commercially unattractive, a segment that ICOMIA considers crucial for the marine industry. Continue reading “Attempts to mitigate the impact on the yachting industry caused by Tier III regulation rejected”