IMO Regulations: Cost On Shipping Industry Expected To Escalate By $15 Billion

Maritime experts have warned that the global container shipping industry is expected to witness a cost rise of $15 billion. This is with the International Maritime Organisation (IMO) 2020 regulation just around the corner. A Senior Analyst-maritime supply chain at Drewry Shipping Consultants, Vishal Kashav, says a new component called Low Sulphur Surcharge (LSS) will be added […]