- The IMO 2020 regulation shift from heavy oil to low-sulfur might hit vessel operators and cargo owners due to extra cost.
- IMO 2020 is a major change in the industry since it moved from coal to heavy oil.
- Owners expect steep hike in freight rates, though actual low-sulfur fuel cost stills remains a guess, where so far the price of common type bunker is $440 per metric ton.
- Cost handling really depend upon the retailer and their strategy to mitigate any potential increases.
- Shippers complain of...
http://mfame.guru/shippings-2020-rule-would-cost-the-industry-upto-50-billion-for-clean-fuel-bill/