From Container Management:
CMA CGM Group has opted to use compliant fuels with 0.5% or 0.1% sulphur as its main solution to be compliant with the International Maritime Organisation (IMO)’S 2020 low sulphur regulation.
The group will also use liquid natural gas (LNG) powered vessels and advanced air quality systems onboard its vessels to help with the IMO’s goal of having all sea-going vessels worldwide to reduce their sulphur emissions by 85%.*Shipping: CMA CGM Launches World's Largest LNG-fueled Container Ship
Due to IMO’s low sulphur regulation, effective January 1, 2020, shipping costs are set to increase worldwide and CMA CGM is also due to implement a new price reference for its short-term and long-term contracts.
The new price reference has been put in place as Very Low Sulphur Fuel Oil (VLSFO) is anticipated to be significantly higher than the present High Sulphur Fuel Oil (HSFO)....MORE