HMM takes ships from sinking transpacific for another Asia-Middle East service
South Korean flagship carrier HMM is diverting ships from transpacific services to its Asia-Middle East ...
ID 134257068 © Mark Roger Bailey | Dreamstime.com
By Mike Wackett
The strategy of carriers, such as MSC, Evergreen and HMM, that heavily invested in exhaust-cleaning scrubbers appears to have backfired.
Global oil prices have slumped to below $20 per barrel, due to the coronavirus pandemic, and bunker prices have reacted accordingly.
The margin between IMO 2020-compliant low-sulphur fuel oil (LSFO) and the heavy fuel oil (HFO) burned by ships fitted with scrubbers, is eroding daily.
According to data supplied by Ship & Bunker, Rotterdam-sourced LSFO is on offer today at $149.50 per ton, ...
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