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Hapag-Lloyd warns of surcharges as new eco fuel costs 50-100pc more
COSTLY low-sulphur fuel prices are expected to be 50 and 100 per cent above normal bunker costs, and will be driven up even by higher demand from 2015 onwards, warns German container carrier Hapag-Lloyd.
"Consequently, Hapag-Lloyd will need to revise the current Low Sulphur Fuel Surcharges for all quotations with a validity into 2015," said a company statement.
"As from January 2015, all shipping lines will be affected by stricter low sulphur fuel laws on trades crossing North Europe, the Baltic, US and Canada. The sulphur content in fuel has to be reduced from one per cent to 0.1 per cent. California applies this rule already today," said the company.
"Consequently, Hapag-Lloyd will need to revise the current Low Sulphur Fuel Surcharges for all quotations with a validity into 2015," said a company statement.
"As from January 2015, all shipping lines will be affected by stricter low sulphur fuel laws on trades crossing North Europe, the Baltic, US and Canada. The sulphur content in fuel has to be reduced from one per cent to 0.1 per cent. California applies this rule already today," said the company.
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