Shipping costs could rise by $3bn next year, according to a new report that will undoubtedly unnerve shippers – but the rise is less than some reports have forecast (see comment below).
The cost rise will follow the “steep” drop associated with next year’s IMO implementation of the 0.5% sulphur cap, against 3.5% allowed now.
The report, 2019 Global Container Shipping Outlook, by Alix Partners, notes that the new cap would see …
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Source: The Loadstar