Drewry issued an article on its website, asking if the implementation of the new marine pollution regulation in North Europe and the US since January resulted in extra costs for shipping lines and shippers?
Before the introduction of the low-sulphur marine fuel regulations in January, shipping lines warned that they would have to increase bunker surcharges, increase freight rates or introduce a new low-sulphur fuel surcharge to offset the extra cost of cleaner fuel.
However, very little of this has actually happened since January, according to data gathered by Drewry and by the World Container Index.
In principle, if fuel prices had stayed the same, the extra fuel cost on carriers of having to use the more expensive, low-sulphur marine gas oil in the protected Emission Control Areas was estimated at about US$29/teu from North Europe to US East Coast, US$49/teu from North Europe to US Gulf and US$21/teu from North Europe to Asia.
From the Mediterranean to the Southern Hemisphere and from Asia to both the Southern Hemisphere and the Mediterranean, there are no Emission Control Areas and therefore no low-sulphur fuel cost impact on carriers.
Source: Drewry
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