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

Drake closes Cometto deal for ANI thumbnail image

Drake closes Cometto deal for ANI

May 20 - The Drake Group, in its capacity as representative of the Cometto brand in Australia, has received an order from Australian Naval Infrastructure (ANI) for 16 self-propelled MSPE modules.
Views: 100
Dsouza joins Virgin Atlantic  thumbnail image

Dsouza joins Virgin Atlantic 

May 20 - Virgin Atlantic Cargo has named Bosco Dsouza as its account manager in Melbourne as the airline looks to continue its expansion in Australia. 
Views: 129
Sohar launches online route planner thumbnail image

Sohar launches online route planner

May 20 - Sohar Port and Freezone has launched an online route planner that provides information on available connections to hinterland destinations.
Views: 145
Crowley realigns activities thumbnail image

Crowley realigns activities

May 17 - Crowley Maritime Corporation has realigned its shipping and solutions business units in a bid to enhance its focus on non-asset based customer solutions.
Views: 516

Heavy Lift Across The World

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