MSC details new bunker recovery charge

MSC details new bunker recovery charge

Mediterranean Shipping Company (MSC) has become the latest line to explain how it intends to get customers to pay for its global sulphur cap compliance.

MSC’s new Bunker Recovery Charge (BRC) will be a “transparent way of segregating, and passing on, the significant operating cost MSC faces from the 2020 sulphur cap”, the company stated in a release yesterday.

The new bunker charges kick in on January 1 next year, a year ahead of the start of the sulphur cap.

MSC estimates that compliance with the IMO regulation will cost it more than $2bn.

Analysis by Alphaliner last month shows MSC is the containerline to have invested the most in scrubbers to date with more than 100 of the line’s ships set to have the exhaust gas cleaning systems in place soon.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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