Maersk Line expects billions in costs from new sulfur directive

At Maersk's container carrier alone, the new IMO requirements for less sulfur in fuel from 2020 will results in costs totaling billions of dollars, Maersk Line tells ShippingWatch, calling for methods to enforce the global sulfur directive.

The IMO's decision to implement a global sulfur cap of 0.5 percent for ship fuel in 2020 is now resounding throughout the industry. Maersk Line's alliance partner MSC projects that the directive will cost the carrier USD 2 billion annually, and Maersk Line similarly expects huge additional costs.

"At Maersk Line alone, the additional costs will amount to billions of dollars," writes Aslak Ross, Head of Marine Standards at Maersk Line, in an email to ShippingWatch.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs