Maersk Line, MSC Resort to Emergency Bunker Surcharge amid Rising Bunker Prices
Danish liner company Maersk Line has decided to introduce an Emergency Bunker Surcharge (EBS) as a way of coping with the rising bunker prices. “The increase in bunker price in 2018 has been significantly higher than what had been expected and has now reached a level of 440 USD/ton in Europe, the highest since 2014,” the company…
Leia MaisLow sulphur fuel oil: With new rule 14 months away, ship owners all at sea
Indian ship owners, like their global peers, are all at sea over a new global rule on using low sulphur fuel oil on board ships, which will come into force in 14 months to check sulphur emissions. Beginning January 1, 2020, ships must use fuel oil on board with a sulphur content of not more…
Leia MaisIBIA: Barking up the wrong tree?
An epidemic of ships experiencing fuel-related problems with seemingly on-spec fuels this year, starting in the US Gulf, has led to feverish speculation about the root causes with many predicting that this is a precursor for worse to come in 2020. Something is afoot, but facts are hard to pin down and we must be…
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