News / IMO 2020 low-sulphur fuel cap 'could cost shipping industry $3bn' next year

01/03/2019

Shipping costs could rise by $3bn next year, according to a new report that will undoubtedly unnerve shippers ? but the rise is less than some reports have forecast (see comment below).

The cost rise will follow the “steep” drop associated with next year’s IMO implementation ...

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Gary Ferrulli
March 01, 2019 at 3:04 pm
This is the 5th number ($3. Billion) and the lowest published to date, high estimates are $15. Billion, with several forecasting $10. Billion. So as with most forecasts, the experts vary widely as do the ocean carriers who have published their BAF’s to date.

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