P&O: Sulfur regulations cost GBP 30 million a year
British P&O expects that the carrier's annual fuel costs will increase by GBP 30 million when the sulfur regulations come into force in the new year.
BY OLE ANDERSEN
British P&O, which operates passenger and freight traffic in the English Channel, expects an annual extra fuel cost of GBP 30 million from the end of 2014, a company spokesman tells Lloyd's Loading List.
The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.