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Ships slow down as higher fuel bills loom

from Splash

Ships are slowing down as the global sulphur cap approaches. "With the premium for VLSFO over HFO currently projected at c.$240/t across 2020, the industry fuel bill is set to rise, and speed again could be critical to the potential mitigation of increased fuel bills," Clarkson Research Services noted in its most recent weekly report. Average speeds in some sectors are already down in the year to date, containerships by a 2% and bulkers by 1%. more

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