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Shipping: Msc Announces Novel Bunker Surcharge To Aid Encompass $2 Billion Per Yr Depression Sulphur Fuel Costs

MSC Mediterranean Shipping Company S.A is some other of the world's largest shippers who audio every bit though they are close to works life a GoFundMe page.
That's a joke.
The Aponte clan* is doin' alright.

From gCaptain:
Mediterranean Shipping Company (MSC) has joined its rivals Maersk Line in addition to CMA CGM inward announcing a novel bunker fuel surcharge to endure imposed on its customers to assist recover additional costs associated amongst the 2020 global sulphur cap.

Starting Jan 1, 2020, novel International Maritime Organization rules volition need ships to role bunker fuel amongst a maximum sulphur content of 0.5%, compared amongst the electrical flow measure of 3.5%, unless they are equipped amongst so-called scrubbers to build clean upward sulphur emissions. 
In gild to ready for the novel rules, MSC announced Mon it volition endure introducing a novel Global Fuel Surcharge every bit of  January 1, 2019, inward gild to assist customers innovation for the impact.

MSC said it expects operating costs to ascent inward excess of $2 billion dollars per twelvemonth every bit a effect of the novel rules.

“The novel MSC Global Fuel Surcharge volition supersede existing bunker surcharge mechanisms in addition to volition reverberate a combination of fuel prices at bunkering ports simply about the footing in addition to specific business costs such every bit transit times, fuel efficiency in addition to other trade-related factors,” MSC said inward a press release.
MSC’s annunciation follows like moves yesteryear Maersk Line in addition to CMA CGM....MORE
*The latest Lloyd's 100 Most Influential People inward Shipping (Edition Eight, Dec. 2017) has the Aponte famiglia at #10, simply behind the Saadé identify unit of measurement (CMA CGM) straightaway led yesteryear Rodolphe later his father's operate yesteryear away this summer, at #9.

If interested here's an ungated version of Edition Seven of the 100 Most Influential, for folks who don't subscribe via Maritime Cyprus.It's a twelvemonth out of appointment but practiced background or a keen prospect list.
The subscription makes a fine gift.

One to a greater extent than note, the gCaptain floor links to their coverage of Maersk's in addition to CMA CGM's estimates of the extra multi-billion dollar costs but didn't link to a dyad other actually large lines:

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

ungated version of Edition Seven of the 100 Most Influential, for folks who don't subscribe via Maritime Cyprus.It's a twelvemonth out of appointment but practiced background or a keen prospect list.
The subscription makes a fine gift.

One to a greater extent than note, the gCaptain floor links to their coverage of Maersk's in addition to CMA CGM's estimates of the extra multi-billion dollar costs but didn't link to a dyad other actually large lines:

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

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