Proposal for IMO-controlled shipping decarbonisation fund gains traction
Some 47 governments and industry groups are lobbying the International Maritime Organization (IMO) to implement ...
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By Mike Wackett
Analysts predict that the impact of IMO 2020 will mean slower ships and more transhipment.
This would be a further blow to shippers who also face additional costs to compensate carriers for using cleaner fuel from 1 January.
Shippers may dislike surcharges, but they universally hate transhipment, as it introduces another level of risk to the supply chain.
Ocean carriers face a challenging period when they need to obtain acceptance from their customers to adopt their fuel surcharge mechanisms in preparation for the ...
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