Cornell: LSF, VLSF add $20,000 to annual ship operation costs
Cornell: LSF, VLSF add $20,000 to annual ship operation costs May 17, 2021, by Naida Hakirevic The introduction of the IMO rules last year to reduce ship sulphur emissions has resulted in a significant hike in operational expenditure for ship managers, with the use of low and very low sulphur fuel potentially resulting in system and engine damage, according to a recent webinar. Speaking recently during Bunkering Challenges 2021 organised by trade association management company Maritime AMC, Sacha Cornell, Fleet Manager, Norbulk Shipping, revealed...