One senior carrier executive said that there would be “no negotiation” on bunker fuel surcharges beginning as early as 2019 annual contracts that won’t even extend into 2020, let alone trans-Pacific contracts signed as of May 1, 2019, that will extend well into 2020. That may well be so, but ocean carriers' track record is less promising.
News and analysis of government transportation policy around the world and its impact on global container shipping and supply chains.
News & Analysis
21 Apr 2019
Container vessel on-time performance could degrade even further as carriers remove ships from service to install equipment that “scrubs” harmful sulfur particles from ship exhaust in lieu of burning low-sulfur fuel.
28 Nov 2018
Ports are seeking a larger percentage of federal transportation funds, and with good reason: the American Association of Port Authorities has identified $20 billion in multimodal project needs for public port authorities alone.
02 Nov 2018
Although the industry is unlikely to see another all-encompassing fiat like IMO 2020, the International Maritime Organization's (IMO’s) ambition is to reduce greenhouse gas (GHG) emissions from international shipping to 50 percent of 2008 levels by the year 2050, and to someday eliminate the fleet's GHG emissions entirely.
24 Oct 2018
As a compromise to the failed experience building proposal, the IMO agreed to boost efforts to lessen the mandate’s impact on the market.
04 Oct 2018
A survey conducted by global shipping consultancy Drewry found considerable unease among global shippers and forwarders ahead of the low-sulfur fuel implementation. Concern was expressed by respondents about ocean carriers’ methods of fuel cost recovery with more than half, 56 percent, stating that they did not consider their service providers’ existing approaches as either fair or transparent.