Hapag-Lloyd’s CEO warns of environmental challenges in 2020
Trade conflicts, new fuel regulations, environmental and climate protection are among the top issues the shipping industry will face in 2020, claims Hapag-Lloyd CEO Rolf Habben Jansen.
With International Maritime Organization (IMO)’s 2020 sulphur regulations now in effect, Hapag-Lloyd expects additional costs of around US$1bn per year as it makes the switch to low-sulphur fuel oil on a majority of its vessels.
The regulations, which came into effect at the start of January, meaning that shipping lines have only been allowed to use fuel with a maximum sulphur content of 0.5%.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.
Related Posts
Other News
Container Management (cm) has been published for more than 30 years serving the port, terminal, intermodal and container handling equipment industries worldwide.
