Shipping: Cma Cgm Says Global Sulphur Cap To Toll Customers $160 Per Container On Average

That's serious money, tell on a 10,000 TEU average voyage, $1.6 i chiliad 1000 per trip?
Jeez, no wonder the manufacture is freaking out.

From gCaptain:

French transportation giant CMA CGM on Mon said the 2020 global sulphur cap rule volition toll an estimated $160 per twenty-foot container or equivalent unit of measurement (TEU) to last paid yesteryear its customers inward the shape of a fuel surcharge.

CMA CGM, the world’s fourth-largest container transportation business yesteryear overall TEU volume, is the latest of the major sea carriers to discover how it intends to cause got the International Maritime Organization’s depression sulphur fuel rule entering into strength start out Jan 1, 2020. The rule aims to cut the environmental comport upon of the shipping manufacture yesteryear lowering the sulphur content inward the fuel burned yesteryear ships to a maximum 0.5%. Ships tin equally good comply yesteryear installing exhaust gas scrubbers or yesteryear switching to depression sulphur choice such equally LNG.

To comply amongst the impending regulation, CMA CGM says has opted to favor the purpose depression sulphur bunker fuel, but it volition equally good invest significantly inward LNG fuel for its futurity newbuildings in addition to lodge several scrubbers for approximately of its ships....MORE

Perhaps fourth dimension to revisit Shipping: CEO of Third Largest Fleet Says "We're All Going to Go Bust".

See also:
Top Norwegian Oil Analyst Quitting DNB to Pursue 2020 Low Sulphur Fuel Rule Riches

"Maersk Asks Customers to Pay for $2 Billion Low Sulphur Fuel Bill Through New ‘Bunker Adjustment Factor’"

Shipping: "Hapag-Lloyd Expects USD 1 Bn inward Extra Fuel Costs from 2020 Sulphur Cap"

Shipping: "Testing Begins On First Product Tanker Vessel Utilising Wind Propulsion Technology"

Shipping: "More than 2000 vessels volition perish scrubbers earlier 2020"

Shipping: "Why CMA CGM ordered 'game changing' 22,000 TEU LNG-powered containerships"

And many more, it's a pretty large deal.