Freight News, Sea

Hapag-Lloyd adds sulphur transition charge

[ November 1, 2019   //   ]

Hapag-Lloyd is to introduce a ‘transition charge’ for short-term contracts from  1 December ahead of the new IMO2020 sulphur limit due to come into force on 1 January 2020. The container line says it will help  mitigate fuel price volatility and transitional operational expenses, Hapag-Lloyd will introduce an IMO2020 Transition Charge (ITC). It applies to freight of all kinds cargo and spot business with a validity up to three months.  ender business will not be affected.

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