Carriers hedging against more expensive fuel for years ahead

Carriers are now so confident about the global sulfur cap in 2020 that they are starting to readjust their costs according to the new low-sulfur fuel. Concordia Maritime has settled a significant part of its bunker consumption for 2020 and 2021, CEO tells ShippingWatch.

Photo: Arkivfoto/Colourbox

The race to procure the new low-sulfur fuel is now underway as more carriers are starting to buy their low-sulfur fuel for years into the future.

The fuel is so far the solution tapped by most carriers when, starting in 2020, they will no longer be allowed to sail on fuel with sulfur content exceeding 0.5 percent – unless the ship is fitted with a scrubber.

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