I was able to have a chat with our Managing Director, Alan Miles about the new SECA low sulphur charges to see if there are any further updates
So far, all of the shipping lanes have now made their position clear on the formula they will use
However, what isn’t clear is the actual cost, this will only emerge by end of December
My own view is it may be higher than the estimates to start with and then come down
This lack of certainty is a cause of concern as we’d much prefer to know sooner rather than later
We will do all we can to give our customers certainty before the Christmas rush.