CMA CGM Estimates Low-sulphur Rule Will Cost $160 Per TEU
Container shipping group CMA CGM said it estimates the cost for it to comply with a new global low-sulphur shipping fuel regulation at around $160 per TEU, or standard container, at current conditions.
In a statement on Monday, the French firm, one of the world's largest container lines, said the cost would be absorbed by adjustment of fuel surcharges for customers.
CMA CGM reiterated it would use several solutions to meet the low-sulphur standard, which will come into effect on Jan. 1, 2020, including supporting lower-sulphur fuel, using liquefied natural gas in future vessels, and equipping some ships with scrubbers to clean heavier fuel.
Reporting by Gus Trompiz