EnCMA-CGM and Total have signed a three year MoU to develop cleaner fuels – lower sulfur fuel oil and LNG – for shipping. Tighter IMO regulations on emissions from 2020 means other shippers may follow suit this year. The move makes financial sense too. While fuel costs fell to 11% of revenues in 3Q 2016 from 22% in the same period of 2013, bunker fuel costs fell 62% over the same period. The increase in fuel costs since January 2016 will eat into the incipient revenue recovery for the company.
Supply Chain Research
Related Research
Supply China Edge: Tech restrictions widen, Adidas kicks inventory, rate boom returns
• In new research this week, we dive into Japan’s latest technology restrictions, which follow a surge in exports to mainland Chi... Read more →
Supply Chain Edge: America’s tariffs, battery finance chickens, freight’s silver lining
• Supply chains have been beset by a swathe of new trade protectionism in the past week. In new research, we take a deep dive int... Read more →
Supply Chain Edge: Aluminum sanctioned, Aries seized, Apple spreads
• The UK and US have applied new rules to limit Russia’s earnings from aluminum, copper and nickel, but the main result may just ... Read more →
Supply Chain Edge: ONE’s big target, Taiwan’s quake, solar’s eclipsed
• In new research this week, we take a deeper look at the supply chain impact of the Francis Scott Key Bridge disaster in Baltimo... Read more →
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.
