New fuel rules set to push up cost of sea transport

Sea freight charges are set to increase later this year as shipping lines use a more expensive fuel in line with the International Maritime Organization (IMO) new regulations.

Under the new rules, shipping lines are required to refuel with the more expensive low sulphur fuel oils (LSFOs) and not the high sulphur fuels oils (HSFOs) that is currently being used.

Ships are required to have complied with the IMO rules by January next year. Read More;