IMO2020

Whitepaper: Freight Rates May Rise Due To IMO 2020

  • Carriers and shippers are bound to face uncertainty due to IMO 2020 regulation because fuel costs constitute over 50% of operating expenses.
  • Seabury Maritime published a white paper on March 4th, in cooperation with Gemini Shippers Group,providing statistics.
  • It expects an increase of USD 600 in present costs of shipping a container from China to the USEC.
  • Several factors affecting a carrier’s calculation of the fuel surcharges make transparency extremely important to build trust.

Carriers and...

http://mfame.guru/whitepaper-freight-rates-may-rise-due-to-imo-2020/

Container Shipping Face a $10B Hit Globally

  • 2018 was a turbulent year for the container shipping industry, but it might have been only a warm-up for 2019
  • IMO 2020 regulations could cost the container shipping business as much as $10B globally – and that cost could increase significantly in 2020
  • Carriers will have to find ways to pass through at least some of the anticipated $10 billion or greater increase in their annual costs.
  • Forwarders and 3PL providers will have to navigate shifting currents in their industry.
  • Shippers can expect...

http://mfame.guru/container-shipping-face-a-10b-hit-globally/

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