24OCT2018 - NEWS - South Korea based Hyundai Merchant Marine plans to introduce fuel surcharge from January 2019

South Korea based liner company Hyundai Merchant Marine (HMM) is planning to add fuel adjustment surcharge ahead of the 2020 sulphur cap. According to the company, the surcharge would be introduced in January 2019 as a means of compensating for the rising fuel costs stemming from the 2020 low-sulphur fuel regime. The 2020 sulphur regulation, which will ban ships from using any marine fuel with a sulphur content above 0.5 pct as of January 1, 2020, is expected to impose a heavy burden on owners.

Published by Editor - www.Livebunkers.com at 24-Oct-2018 05:20:40 [UTC] , contact editor at editor@livebunkers.com