Dear valued customer,
starting from January 01, 2020, the global shipping industry will face another major change. A new regulation will come into effect in order to reduce environmental pollution from ocean vessels.
The International Maritime Organization (IMO) has announced that a 0.5% sulphur cap for marine fuels will be implemented.
Very Low Sulphur Fuel Oil (VLSFO with 0.5% sulphur) will be used from that date on instead of current Intermediate Fuel Oil (IFO380) which has 3.5% sulphur.
Carriers, shipping lines and Co-Loaders are expecting rising costs and already begin to announce that they will forward the increasing costs to their customers.
We are closely monitoring the current developments in rate adjustments.
Once we receive concrete figures, the departments will be able to update the current rates.