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OECD: Shipping will pay big price for sulfur regulations

OECD estimates in a new report that the price for the sulfur requirements implemented last year will send the costs of container transport soaring. And the global requirements beginning in 2020 will be even more expensive, the organization writes.

Photo: UASC

The container industry faces huge costs in coming years in the light of the sulfur requirements which came into force on January 1st last year and are set to be expanded globally from 2020, OECD writes in a report.

The report reviews the cost to the industry of limiting the sulfur content to 0.1 percent in the so-called SECA zones in the North Sea and the Baltic as well as off of the coasts of North America since the regulation was introduced on January 1st last year. Furthermore, the report estimates the cost for the combined industry when the global requirements come into force.

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