Carriers brace for US$60 billion fuel shock
That's the estimated amount vessels may have to spend each year on fuel that will comply with the new emission rules
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
THREE years from now, merchant ships will have to reduce drastically the sulphur their engines belch into the atmosphere.
While that will do good things, such as diminish the threat of acid rain, there's a US$60 billion sting in the tail.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts