Released: November 19, 2014
All shipping lines and carriers will soon be subject to advanced low sulphur fuel regulations on trades crossing North Europe/Baltic, US and Canada. The sulphur content in fuel has to be reduced from max. 1% to max. 0.1% which will have a significant impact on bunker costs.
To offset additional costs incurred by switching to cleaner fuels in the above mentioned emission control areas (ECA), Caytrans BBC introduces a Low Sulphur Surcharge (LSS) effective December 19, 2014.
Caytrans BBC announces today the low sulphur surcharges are as follows:
Further information on emission control areas can be found under: http://www.imo.org/OurWork/Environment/PollutionPrevention/AirPollution/Pages/Sulphur-oxides-(SOx)-%E2%80%93-Regulation-14.aspx