Cargolux eyes move into SAF production and distribution
Cargolux is looking to expand its business activities, including getting into the production and distribution ...
© Stefan Hermans
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 of the 0.5% sulphur cap, against 3.5% allowed now.
The report, 2019 Global Container Shipping Outlook, by Alix Partners, notes that the new cap would see the costs of shipping on eastbound Asia-Americas and Asia-Europe routes ...
Comment on this article
Gary Ferrulli
March 01, 2019 at 3:04 pmThis 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.