Low sulfur oil limit leads freight rising surely

Another five shipping companies have issued a low-sulfur oil surcharge, which has reached 18
From the eleventh to the present, it has been in the burst mode, only 2 months away from the IMO sulfur limit, it is expected that the burst mode will continue until the end! Shippers and friends should plan the time of shipment at the end of the year as soon as possible, and try to transport the goods out before December 2019 to avoid the high LSS (low sulfur surcharge).
IMO approves the implementation of the “Sulfur Limit Order” implementation plan

In the latest Marine Environmental Protection Committee (MEPC 73), the International Maritime Organization approved the guidance on the development of the ship implementation plan in the Annex to the MARPOL Convention, so that the 0.50% sulfur limit requirement can be successfully implemented after 2020, also known as the 2020 limit. Sulfur order".
 

The International Maritime Organization's IMO “Sulfur Limit” cap is effective as of January 1, 2020, requiring ships to use fuels with a sulfur content of no more than 0.5% m / m, or equivalent by installing scrubbers or using other new fuels. Low sulfur emission target.
 
In other words, there are four choices for shipping companies or shipowners to achieve sulfur emission compliance:

1 use low sulfur fuel;
 
2 install the scrubber;
 
3 use of liquefied natural gas;
 
4 use other newly developed fuels;

 The plan requires shipping companies and shipowners to develop a “sulphur-limited” plan for each ship they manage to achieve a sulfur emission of no more than 0.5% m / m on January 1, 2020.

It's already leads shipment shortage and freight rising since oct., 2019.

This is tendency, freight will be rised more in following days.

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