IMO2020 Due Soon and Could Impact Costs
Follow Us
Stay up to date with our news and articles on social media
Contact Us
Tel 0800 434 6244
Email info@evolutionforwarding.com
January sees the implementation of the new IMO2020 regulations, which enforce a new global sulphur cap on fuel used by containerships, reducing the current limit by 85 percent.
The new regulations, reducing the old cap of 3.5% to 0.5%, are part of the International Maritime Organization’s (IMO) response to environmental concerns, contributed partially by harmful emissions from ships.
Shipping lines have been preparing for IMO2020 for some time and an increase in general ocean freight charges has been expected as they move over to higher grade fuels.
There are also concerns that this could impact airfreight costs in 2020 too, with the additional need for higher grade fuel, that is also used by airlines, affecting the demand.
At this point in time, there is no clear indication of exactly how IMO2020 may impact costs for next year, but we are watching the situation closely and will advise further information if and when necessary.
Evolution Forwarding specialise in the packing, documentation, compliance and movement of dangerous goods internationally, our expertise and willingness to get the job done has positioned us second to none in this important area.
For further information please email info@evolutionforwarding.com or call 0800 4346244.
Dangerous Goods Logistics
Find out more about our Dangerous Goods Packing & Logistics Services
Dangerous Goods Compliance
Find out more about our Dangerous Goods Compliance Services
brought to you by the dangerous goods people
Evolution Forwarding offer a range of dangerous goods and logistics services including packing, classification, training, DGSA services, air freight, ocean freight and road freight.
Related Articles
Two Simple Steps Towards Dangerous Goods Compliance
If your business is involved in the handling, receiving or transport of dangerous goods, then these two steps are essential for you to meet your legal requirements.
Air Cargo Impacted By Middle East Conflict
The Middle East conflict is having an immediate impact on air freight rates and services to and from the region, along with other areas in Asia.
Bridge Collapse : Dangerous Goods Containers Breached
Following the tragic collapse of the Francis Scott Key bridge in Baltimore recently, it has been widely reported that hazardous material have been leaking into Baltimore harbor from containers that were aboard the vessel Dali.