Please note the following new regulation regarding international seafreight:
The maritime industry is facing great changes: Starting 1 January 2020, vessels will only be allowed to use fuel with a maximum sulphur content of 0.5 percent. The current standard is fuels with a sulphur cap of 3.5 percent. The so-called IMO2020 regulation is the first in a series of International Maritime Organization (IMO) measures to reduce marine pollution. Using low-sulphur fuel oil will be the key solution for the shipping industry. Furthermore, it is the most environmentally friendly solution in the short term.
The stricter IMO emissions regulation will significantly improve the ecological footprint of the shipping industry. Based on the assumption that the spread between high-sulphur fuel oil (HSFO) and low-sulphur fuel oil (LSFO 0.5%) will be 250 US dollars per tonne by 2020. For this reason, the Carriers developed the EFF (Enviromental Fuel Fee) or IMO2020 mechanism, which will be gradually implemented starting on 1 December 2019 at Usd 125,00 per Teu.
With our new EFF (Enviromental Fuel Fee) mechanism, we have developed a system for our customers that we think is fair, as it allows for a causal, transparent and easy-to-understand calculation of fuel costs. The EFF, which will be reviewed monthly takes into consideration various parameters, such as the vessel consumption per day, fuel type & price (specific for HSFO, LSFO 0.5% and LSFO 0.1%), sea and port days, and carried TEU.