ShippingWatch

Drewry: Oil price neutralises low sulphur fuel cost

Because of the sliding oil prices there have been no additional costs to either shipowners or shippers in complying with the sulfur requirements introduced on January 1st 2015, according to a new analysis by Drewry.

Photo: Hapag-Lloyd

Expensive for us as well as for the customers. This more or less sums up shipowners' expectations prior to the introduction of new sulfur requirements on January 1st 2015, and the container shipowners were preparing to send extra bills to the shippers.

But things have not turned out this way so far, according to a survey performed by Drewry about a month and a half after the requirements came into force. Additional costs have amounted to a big fat zero.

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