Global shipping costs to rise by US$60 billion a year?
Global bunker fuel costs could rise by up to US$60 billion annually from 2020 when the International Maritime Organization’s (IMO) 0.5 wt per cent sulphur cap for bunker fuels kicks in, a Wood Mackenzie study claims
Fuel oil, which is high in sulphur content, has traditionally been used by the shipping industry as bunker fuel. Continue →