Shipping costs could rise by $3bn next year, according to a new report that will undoubtedly unnerve shippers.
The cost rise will follow the “steep” drop associated with next year’s IMO implementation of the 0.5% sulphur cap, against 3.5% allowed now.
The report, 2019 Global Container Shipping Outlook, by Alix Partners, notes that the new cap would see the costs of shipping on eastbound Asia-Americas and Asia-Europe routes increase by up to …
The post IMO 2020 low-sulphur fuel cap ‘could cost...
https://theloadstar.com/imo-2020-low-sulphur-fuel-cap-could-cost-shipping-industry-3bn-next-year/