Hapag-Lloyd to pass sulphur costs on to customers

The world’s fifth-biggest shipping liner has said that it will have to pass the costs of new sulphur regulations on to customers.

Hapag-Lloyd said the new regulations would cost it US$1bn a year from 2020 and it would be introducing a new surcharge to cover that.

New global regulation requires carriers to burn fuel which has less than 0.5% sulphur. Previously the global cap was 3.5%.