News / Hapag-Lloyd attempts to avoid a 'messy' IMO 2020, unveiling its 'fairer' MFR

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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 220 containerships will be in the region of $1bn.

The carrier ...