Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
Shipowners must take decisions on their fuel strategy in the light of new International Maritime Organization (IMO) regulations.
But according to one bunker broker, installing scrubbers to continue burning heavy fuel oil could backfire.
The decision by the IMO last year to impose a ‘hard date’ of 1 January 2020 for a global sulphur limit of 0.5% for vessel emissions, from the current 3.5%, means the clock is ticking for shipowners.
They will have three ways of complying with the tougher emissions regulations: continuing with heavy fuel ...
European port congestion now at five-to-six days, and getting worse
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