Shipping: Mediterranean Transportation Co. Expects A $2 Billion Annual Ascent Inwards Fuel Costs From 2020 Depression Sulpher Rules (Msc)

"MSC" is the abbreviation, non a stock symbol. The companionship Is privately owned alongside the controlling shareholders, the Aponte clan, beingness worth at to the lowest degree $8 billion too likely over $10 B.

From gCaptain:
MSC Facing Over $2 Billion Bump inwards Annual Fuel Bill from IMO 2020

Swiss-headquartered MSC expects to pay over $2 billion a twelvemonth inwards fuel costs due to tougher global marine fuel rules too volition innovate a bunker accuse adjacent twelvemonth to recoup expenses, the world’s number ii container trouble said.

United Nations way the International Maritime Organization (IMO) volition prohibit ships from using fuels alongside sulphur content higher upward 0.5 per centum from Jan. 1, 2020, compared alongside 3.5 per centum today, unless they are equipped alongside exhaust gas cleaning systems, known every bit scrubbers, to build clean upward sulphur emissions.

For transportation companies struggling from years of weaker earnings, the novel regulations are expected to hateful to a greater extent than toll pressure.

“MSC has estimated that the toll of the diverse changes nosotros are making to our fleet too its fuel provide is inwards excess of ii billion dollars (USD) per year. We accept already had to showtime incurring these costs to last cook for 2020,” the grouping said inwards a Dec. 1 note.

MSC said it would levy a bunker recovery charge from Jan. 1, 2019 “as a number of the regulatory changes nosotros all support”...

...MORE

Related: 
Big Oil Traders Set to Cash In On Low Sulphur Shipping Fuel Change

Oil: The Impact On Refiners Of Shipping's Low-Sulpher Fuel Ruels After 2010

"Maersk Braces For Influenza A virus subtype H5N1 $5+ Billion Fuel Bill In 2020"

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

Shipping: The New Low Sulpher Rules Will Have Influenza A virus subtype H5N1 Huge Impact On the Oil Business (shipping too footing economic scheme too)

Rich Rewards Await Top Oil Refiners every bit Ships Make Low Sulpher Switch Fuel

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

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

Shipping: "CMA CGM Says Global Sulphur Cap to Cost Customers $160 Per Container on Average"
That's serious money, say on a 10,000 TEU average voyage, $1.6 1000000 per trip?
Jeez, no wonder the manufacture is freaking out....