CMA-CGM and Maersk Try Ensure They Don’t Swallow Sulfur’s Sour Pill — Panjiva


CMA-CGM and Maersk Try Ensure They Don’t Swallow Sulfur’s Sour Pill

Corp - Shipping 610 Energy - Bunker Fuel 63 Global 723 Mode - Containerized 1006 Mode - Seaborne 1275 Theme - Rates 141

The major container-lines are unveiling their strategies for dealing with the IMO’s 2020 sulfur emissions limits. Most are following a technological route with CMA-CGM and ONE pursuing a mixture of sulfur scrubbers, lower sulfur fuels and alternative propulsion (e.g. LNG). Some, including Maersk and CMA-CGM, have warned there will be an rise in fuel within their pricing mechanisms as they seek to share cost increases with customers. CMA-CGM have indicated costs could increase by $160 per TEU, or 19% of average China outbound rates in 3Q. Needless to say logistics services buyers are agai...

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