As of the 1st of January 2020, the global shipping industry started following a new directive issued by the International Maritime Organisation (IMO) which restricts the use of fuel oils containing more than 0.5% sulphur content. This regulation aims to drastically cut air pollution caused by ships and help tackle the climate emergency.
In order to fulfil their international obligations, shipping companies must now switch to alternative fuels such as LNG that have a lower sulphur content or install scrubbers that remove harmful emissions. Due to these changes, we have been informed that sea freight charges are expected to increase to cover the additional costs faced by shipping lines.
Read the letter about the new Environment Sulphur Surcharge IMO 2020 published by Grimaldi Group.
EuroBridge would like to inform its clients that a sulphur surcharge will be added to sea freight, which shall mirror exactly the cost increase imposed by the shipping lines. This means that the revised tariffs will not increase beyond the direct cost of the surcharge.
Other additional costs associated with the changing circumstances of the industry—such as improving the security of IT systems, rising fuel prices, and wage increases—will be absorbed directly by EuroBridge. This in line with our commitment to always provide our clients with an affordable and cleaner shipping alternative for their goods.
Please do not hesitate to contact our team should you have any further enquiries about this matter.