Transparency essential for shipper-carrier agreement over fuel surcharges
A ‘scramble period’ is expected ahead of the implementation of the new regulations as scrubber installations and investments by refineries to produce the new low-sulphur fuel seem to be lacking and additional demand is expected to outstrip supply
Price is the chief issue, but availability and compatibility of the new low-sulphur fuels are also causes of concern. The cost of implementation for the industry ranges between $30bn and $60bn
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