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New global rules requiring the use of low-sulfur fuel (LSF) takes effect Jan. 1, 2020 and shippers are anxious to figure out how much more they’ll be paying for ocean shipping. Estimates and the low-sulfur bunker adjustment factors (BAFs) are becoming more apparent – at least a 30 percent jump in fuel prices. This is a cost carriers will attempt to add on to the average TEU shipped. The IMO regulation requires ocean carriers to reduce maximum sulfur emissions from 3.5 percent to 0.5 percent.

For further reading on this topic:

JOC: Low-Sulfur Bunker Clauses Bring Clarity to Project Shippers

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