OUTLOOK VIDEO ’19: New regulations to shake shipping fuel balances, freight rates
Clare Pennington
18-Jan-2019
LONDON (ICIS)–On January 1 2020, sulphur content in shipping fuels will be capped globally at 0.5%. This will mean fuel prices and freight rate contracts will have to be renegotiated, placing profit margins in the balance.
Even as this happens, the chemical tanker industry plans fleeting and ship building decisions for the longer term, as an increasing number of ships come to the end of life in a long market.
Markets reporter for chemical tanker shipping Clare Pennington talks about the implications for the shipping market in 2019 with markets editor Sam Wright.
Edited by Chris Barker
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