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.