IMO low-sulphur regulations

Hapag-Lloyd attempts to avoid a ‘messy’ IMO 2020, unveiling its ‘fairer’ MRF

Hapag-Lloyd has rolled out its plans for recovering the extra cost of compliance with the IMO’s 0.5% sulphur cap for shipping, which comes into force in less than 15 months.
It no doubt hopes its proposals will be better received by customers than those of its rivals – slammed by suspicious shippers as “lacking transparency” and  “blatant profiteering”.
Hapag-Lloyd estimates the annual cost of compliance with IMO2020, from 1 January 2020, for its fleet of some …

The post Hapag-Lloyd attempts to...

https://theloadstar.co.uk/hapag-lloyd-attempts-avoid-messy-imo-2020-unveiling-fairer-mrf/

Shippers are being ‘left in the dark’ as carriers look to recover IMO 2020 costs

There has been insufficient mainstream publicity on the IMO’s 2020 global emissions regulation for shipping, and a lack of transparency by container lines on their recovery strategies.
These are the worrying conclusions of a review by maritime consultant Alphaliner and a shipper survey by Drewry Supply Chain Advisors.
It has been estimated that the cost of compliance with the IMO’s 0.5% sulphur cap on fuel from 1 January 2020 could be a $15bn annual …

The post Shippers are being ‘left in the...

https://theloadstar.co.uk/shippers-left-dark-carriers-look-recover-imo-2020-costs/

Shippers want ‘a market approach’ dialogue on shipping line bunker surcharges

As crude oil races towards $100 a barrel, the European Shippers’ Council has called for “a market approach” dialogue on shipping line bunker surcharge mechanisms ahead of the IMO 2020 sulphur cap.
Brent crude hit a four-year high yesterday, at $82 per barrel, pushing up the price of IFO 380 heavy fuel oil (HFO) above $450 per ton.
The current cost of low-sulphur fuel oil (LSFO) – compliant with the new regulations – is …

The post Shippers want ‘a market approach’ dialogue on shipping line bunker...

https://theloadstar.co.uk/shippers-want-market-approach-dialogue-shipping-line-bunker-surcharges/

CMA CGM and MSC follow Maersk with bunker surcharges for IMO 2020

MSC and CMA CGM have followed Maersk Line in announcing plans for surcharges to recover the cost of compliance with the IMO’s 2020 0.5% sulphur cap regulations.
The French carrier said that although it was “in favour of using LSFO (low-sulphur fuel oil) for its fleet” it was also “ordering several scrubbers” – exhaust gas cleaning technology that allows ships to continue to burn the cheaper 3.5% sulphur content HFO (heavy fuel …

The post CMA CGM and MSC follow Maersk with bunker surcharges for...

https://theloadstar.co.uk/cma-cgm-msc-follow-maersk-bunker-surcharges-imo-2020/

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