IMO 2020: Higher Bunker Surcharges Arrive

In the run up to the 2020 sulphur cap, shippers and forwarders are “starting to get their cheque-books out,” according to consultancy Drewry, to help ocean carriers cover the additional cost of cleaner, low-sulphur fuel.

Since early October, the weighted average low-sulphur bunker price for major bunkering ports tracked by Drewry has been US$542 per metric tonne. Drewry said that assuming prices stay at about that level in the next two weeks…

View entirety: Riviera Maritime