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Maritime Market News

IMO 2020: Transparency essential for shipper-carrier agreement over fuel surcharges

Ngày đăng: 07/03/2019 | Lượt xem: 497

MANY issues continue to create uncertainty in the maritime community when it comes to the implementation of IMO 2020, a panel of experts told delegates at the Journal of Commerce’s TPM conference in Long Beach. Price is the chief issue, but availability and compatibility of the new low sulphur fuels also are causes of concern.

John Hextall, chief executive officer of De Well Group, introduced one key issue of concern to the industry by suggesting $30bn as the price of implementing IMO 2020, while moderator Mark Szakonyi, JOC executive editor, talked up "industry mistrust" over recouping costs.

Rolf Habben Jansen, chief executive of Hapag-Lloyd, acknowledged that the new IMO regulations will make the industry "green" but he said it will come "with a cost" He estimated a cost of $60bn for the industry as a whole, $15bn for container shipping and $1bn for his own firm. 

Mr Habben Jansen estimated that the changeover will cost his firm some $75m-$100m in the fourth quarter of this year in the run-up to the IMO's January 1, 2020 deadline for compliance. He estimated that the additional costs would rise by about $250 per ton of fuel, based on an assumed differential between high- and low-sulphur fuel oil.

 
Source: Lloyd’s List  

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