The new and fiercer rules of using low sulphur fuel off the American coasts now result in increasing rates on container operation out of the Unites States. Westbound Transpacific Stabilization Agreement (WTSA) has decided to add a low sulphur element to their bunker charges in order to meet costs related to the low emission area.
“WTSA carriers accept the need for international standards aimed at reducing vessel emissions in coastal areas and in port. At the same time, the price tag is significant for a scheduled liner shipping services, in an industry with historically low margins and in a trade facing slow demand and depressed rates”, WTSA Executive Administrator, Brian M. Conrad, says in a press release
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