In January 2020, a little-known rule went into effect that today regulates the kind of fuel maritime shipping vessels are allowed to use.
I believe IMO 2020 has contributed to shipping rates that have remained elevated for over a year now, the other contributors being the pandemic, country lockdowns, consumers’ increased demand for goods and the ongoing semiconductor chip shortage.
Climate Policies Helped Create High Shipping Rates. Now Some People Don’t Want Container Companies To Profit From Them
In January 2020, a little-known rule went into effect that today regulates the kind of fuel maritime shipping vessels are allowed to use.
I believe IMO 2020 has contributed to shipping rates that have remained elevated for over a year now, the other contributors being the pandemic, country lockdowns, consumers’ increased demand for goods and the ongoing semiconductor chip shortage.