Implementation of the global sulfur surcharge

Current information from Lamprecht Transport Ltd.

To comply with the Regulation, sulphur in fuel oil must be reduced from 3.50% to 0.50%.

The new IMO 2020 Low Sulphur Regulation impacts the global shipping industry and shipping costs are set to increase worldwide, as the cost of the Very Low Sulphur Fuel Oil (VLSFO) is expected to be significantly higher than the present High Sulphur Fuel Oil (HSFO).

Please be informed that a new charge – Low Sulphur Surcharge (LSS) will be applied on top of carriers’ ocean freight charges, effective 1 December 2019.

For further details, please contact our ocean freight departments.