More misery for shippers with return of bunker surcharges on the radar
As oil prices head north again, ocean carriers are preparing to ramp up low-sulphur fuel ...
ID 145502754 © Enrico Powell | Dreamstime.com
By Mike Wackett
With IMO 2020 0.5% sulphur cap on marine fuel just over 100 days from becoming law a leading shipping analyst has warned shippers that it is vital that ocean carriers succeed in obtaining their interim BAF surcharges.
Container market expert and chief executive of SeaIntelligence Consulting Lars Jensen said that a failure to obtain compensation for the extra costs relating to the preparation for IMO 2020 could result in a “significant” increase in blanked sailings.
Container lines will begin to incur additional ...
Comment on this article
Gary Ferrulli
September 17, 2019 at 2:38 pmFailure to collect additional fuel costs due to the IMO requirements may do a lot more than increased skipped sailings. It could cause further consolidation in the container shipping industry. The carriers made a huge error in not recovering increased costs in 2017/2018, they can’t possibly blunder again? History says they can.