Cost of ocean transport down on last year despite sulphur regulation

TOP NEWS / February 21, 2015

The adjustment to the maritime environmental regulation, which is imposed to the shipping companies, not always charge the cost of transport, provided of course a low level at the fuel prices.

Declining fuel prices mean container transport costs are lower than in 2014, even though low-sulphur fuel requirements have come into force

Fuel prices have now dropped to such a level that it is actually cheaper to transport containers on Asia-Europe, transatlantic and European feeder services than last year, even when taking into account the requirement to use cleaner but more expensive fuel.

Last year, it was expected that regulations requiring the use of fuel with a sulphur content of 0.1% from January 1, compared with the previous 1% limit, on the English Channel, North Sea, Baltic Sea and North American coastal waters, would push up the price of transportation.

DFDS and Transfennica cut two services partly because of concerns that the new regulation would push up costs and result…Read more

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February 21, 2015