AP
Moller Maersk CEO Soren Skou
says the switchover to lower sulphur fuel to meet the demands of newly
implemented IMO 2020 has been "very
successful" during the first two
months of the year, adding that the group did not experience any operational
problems and the fleet is now fully compliant with the sulphur cap.
"Currently, only a limited
number of our vessels have scrubbers installed due to delays at the yards and
the situation in China, and I think those delays are probably going to become
even longer," Mr Skou said during a conference call following the release
of the carrier's 2019 results.
He said Maersk's fleet currently
consumes 10 per cent heavy fuel oil (HFO), 10 per cent marine gas oil (MGO) and
80 per cent very low sulphur fuel oil (VLSFO). By year-end, when more scrubbers
are installed, he expects HFO's share to rise to 25 per cent, reported American
Shipper.
"We have witnessed high
volatility in fuel prices," he added, noting that as a result, Maersk will
implement a new surcharge of US$50-$200 per FEU from March 1.
Asked about passing costs on to
shippers, Mr Skou replied: "As far as spot volumes, which are about half
our volumes, if you look at the Shanghai Freight Index, freight rates have gone
up substantially since October 1 at least until Chinese New Year."
Source : HKSG.
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