18.1 C
Thursday, May 28, 2020
Home News Maersk Line imposes $2b on Nigeria

Maersk Line imposes $2b on Nigeria

Maesk Line imposes $2bn on Nigeria, other importers over fuel

Ahead of the International Maritime Organisation (IMO) deadline, Maersk Line has said that importers using its giant containers to ferry goods to Nigeria will pay separately for fuel from 2020.

The amount, which is estimated at $2 billion, is being passed to Nigerian and other importers using the liner in Africa and other part of the world.

Also, the company estimated an extra fuel bill of $15 billion a year for the container shipping line.

The company took the decision because of the tougher environmental regulation standards ahead when prices are expected to surge.

Read more on New Telegraph.

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

Testing group says VLSFO non-compliance declining

Veritas Petroleum Services (VPS) group commercial business development manager Steve Bee has said that the number of fuels that are non-compliant with the sulphur...

Rightship launches new safety rating system

Rightship, a maritime risk management and environmental assessment organisation, has introduced a new platform rating the safety ships, using a safety score and refreshed...

Le Havre accelerates “port of the future” vision

Port of Le Havre, a member of the alliance of the ports of Le Havre, Rouen and Paris, has secured investment for its innovative...

DP World teams up with blockchain platform

DP World, one of the largest ports and terminals operators of the world, has launched a process to join TradeLens, a blockchain-based digital container...

Ningbo-Zhoushan port jumps on postal trend

Ningbo-Zhoushan Port in China's Zhejiang province has teamed with China Post to create an express channel to facilitate the shipping of mail and parcels...