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Hamburg Sud says low sulphur, shoreside power to cost $40m
Hamburg Sud says the switch to low sulphur fuel in coastal waters and readying vessels for shoreside will increase costs by $40m a year, which will be passed onto shippers.
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Kalyakan - stock.adobe.com
In its annual results statement Hamburg Sud it was preparing its fleet for the increased reduction in emission under MARPOL Annex VI.
“This includes the use of low-sulphur fuels in coastal waters, and equipping our ships that operate on the US west coast with facilities to receive shore-side electricity. Initially, the additional operational cost of Hamburg Sud will increase by at least $40m per year,” the company said.
It said that due to the strong pressure on earnings these costs would have to be passed onto shippers.
In 2013 Hamburg Sud said its earnings fell 3.9% to EUR5.3bn ($7.32bn).
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