Ocean carriers today are operating in a maritime regulatory environment that has reduced allowable sulfur emissions from ocean vessels in global waters from 3.5% to 0.5% (January 2020). Emission control areas surrounding North America and Europe are already restricted to 0.1%.
Low sulfur fuel prices trade at different rates globally and as such the new bunker formulas will vary depending on the total fuel consumption (split out by shipping corridors and by dry or reefer equipment type). The current volatility in oil prices is reflected in the monthy fuel levels. The average fuel levels on all import trades below for April decreased -19% on average and another -26% from April to May.
More information about the IMO 2020 can be found in previous communications or on our shipping partner Hillebrand’s website here: https://www.hillebrand.com/media/publication/imo-2020-regulation
|US Port Region / Equipment||20′ Dry||40′ Dry||20′ Reefer||40′ Reefer|
|Europe to USA East Coast||$170||$340||$255||$510|
|Europe to USA West Coast||$243||$486||$365||$730|
|Asia to USA East Coast||$256||$512||$384||$768|
|Asia to USA West Coast||$157||$314||$236||$472|
|South America, South Africa to USA||$193||$386||$290||$580|
|Australia, New Zealand to USA||$361||$722||$542||$1,084|
US Intermodal fuel, containers handled by Hillebrand is 35%.