Low-sulphur fuel laws will see container lines ‘all go bust’, says MOL CEO

Author: Mike Wackett

Less than 18 months before the IMO’s 0.5% sulphur cap regulations come into force for merchant shipping, container lines are worried that the estimated $50bn extra cost of the greener fuel could tip them into bankruptcy.
“We’re all going to go bust,” MOL’s president and chief executive Junichiro Ikeda told the Financial Times.
He expressed his concern that ocean carriers would be unable to recover sufficient amounts from shippers to mitigate the impact …

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