Efforts to push container transhipment from India may suffer.
Coastal shipping operations along India’s eastern coast will come to a halt this week due to lack of availability of low sulphur fuel oil- which ships are mandated to use as per a new global rule that came into force from January 1 to cut emissions.
The new rule means that the global limit for sulphur in fuel oil used on board ships has been reduced to 0.5 per cent m/m (mass by mass) from the earlier 3.5 per cent.
Ship fuel or bunkers account for as much as 40 per cent of the operating cost of a vessel.
Read more on The Hindu BusinessLine.
