Fuel Cost Transparency Concerns
The IMO’s upcoming 2020 global emissions regulation is rising considerable unease among global shippers/Beneficial Cargo Owners (BCOs) and freight forwarders, a survey by shipping consultancy Drewry shows. Particular uncertainty and concern was expressed about carriers’ methods of fuel cost recovery with more than half of all respondents (56%) stating that they did not consider their service providers’ existing approaches as either fair or transparent. Furthermore, 4 in every