20MAY2019 - NEWS - Hyundai Merchant Marine starts off 2019 in the red

Korean container line operator sees results impacted by fuel cost, freight rates and finance costs.
Hyundai Merchant Marine blamed the first quarter losses on high fuel costs, with prices rising 13 percent to $423 per metric ton.

Hyundai Merchant Marine said it expects bunker surcharges to help mitigate some of the higher fuel costs associated with the International Maritime Organization’s 2020 low-sulfur mandate. But Hyundai said it also plans to meet the IMO 2020 rule through installing scrubbers on many of its  vessels.”

Published by Editor - www.Livebunkers.com at 20-May-2019 04:03:55 [UTC] , contact editor at editor@livebunkers.com