Latest news from Heavy Lift & Project Forwarding International Magazine

MSC readies for additional costs from Sulphur 2020 

MSC Mediterranean Shipping Company has estimated that the various changes it is making to comply with the International Maritime Organization’s (IMO) Sulphur 2020 regulations will cost the shipping line in excess of USD2 billion per year. 

MSC added that it is already starting to incur these costs in order to be ready for the 2020 deadline.  

The shipping line added: “We believe that it is essential to segregate transparently the burden of fuel costs, in order for this cost to be passed on visibly throughout the supply chain. Passing on that cost is also vital to ensure the sustainable future of the container shipping industry.” 

In September, MSC announced that it will introduce new bunker charges as of January 1, 2019. After analysing operating costs and related market factors, MSC has established a new price mechanism - the bunker recovery charge (BRC) - which it claims will be transparent for the respective trades. 

“It will reflect the true additional cost that MSC will incur as a result of the regulatory changes we all support in order to protect the environment,” said MSC. 

BRC replaces the current bunker contribution (BUC), fuel adjustment factor (FAD) and emergency fuel surcharge (EFS), and largely absorbs other pre-existing fuel-related charges. Charges specifically related to coastal emission control areas (ECA) will remain in place. 

www.msc.com 

Heavy Lift | News

FROM THE MAGAZINE: Demand and innovation blossom in haulage sector thumbnail image

FROM THE MAGAZINE: Demand and innovation blossom in haulage sector

January 8 - Demand in the USA for heavy-duty prime movers has shown little sign of abating. Industry analyst Freight Transportation Research (FTR) has reported continued growth in North American Class 8 orders for October 2018, writes David Kershaw.
Views: 1366
Leaner and greener shipping to attract investment thumbnail image

Leaner and greener shipping to attract investment

January 4 - Shipping will continue to attract investors in 2019, as long as the industry fulfils its environmental, social and governance (ESG) responsibilities, according to accountant and shipping adviser Moore Stephens. 
Views: 1829
Samskip takes lead in Seashuttle project thumbnail image

Samskip takes lead in Seashuttle project

January 4 - Multimodal logistics provider Samskip has been named lead partner in Seashuttle – a project that aims to bring emissions-free, autonomous container ships to market.
Views: 1855

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.