17OCT2018 - NEWS - OOCL announces bunker recovery surcharge in order to cover IMO 2020 Compliance

OOCL plans to begin the switch to low-sulphur fuel for its fleet of around 100 container vessels during the second half of next year, in readiness for compliance with IMO 2020. Unlike some of its peers, the carrier has made no reference to scrubber technology that would enable vessels to continue to burn cheaper heavy fuel oil (HFO) from 1 January 2020 when the 0.5% sulphur cap becomes law. The current price spread between HFO and low-sulphur fuel oil (LSFO) is around $230 per ton, but OOCL warned that the difference could widen after the start date of the regulations, “due to tight supply in the market”.

Published by Editor - www.Livebunkers.com at 17-Oct-2018 05:54:40 [UTC] , contact editor at editor@livebunkers.com