The Low Sulphur new regulation of International Maritime Organisation (IMO) will be effective on 1st January 2020. Under this regulation, sea companies will be obliged to reduce their sulfur emissions by 85% to achieve a 0.5% content of sulfur in the air.
This new regulation aims at reducing the industry environmental impact and improving air quality significantly. The set of measures will generate a surcharge through the application or adjustment of fuel surcharges, market per market. In this context, we expect a tariff increase when the new regulation is implemented. We will keep you updated on any new information on that subject.
Our team remains available to support you with your transport needs.