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Quest to cut sulphur in bunker fuels estimated to cost CMA group US$1.5b

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APL chief executive Nicolas Sartini believes it is not possible for CMA CGM and APL to shoulder the cost of complying with the fuel cap. APL and its French parent estimate that they would have to pass on US$160 for every TEU (20-foot equivalent unit) shipped to their customers.

Singapore

COMPLYING with the rule limiting the sulphur content of bunker fuels to 0.5 per cent from 2020 could well cost the French CMA CGM shipping group US$1.5 billion.

Already, the chief executive of the group's Singapore-based subsidiary APL has been going around trying to get...

sentifi.com

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