Business Standard

GE Shipping to see capex jump on alignment with IMO sulphur limit norms

Company could mitigate opex push via time-charter route

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Aditi Divekar Mumbai
Great Eastern Shipping, the country's largest private sector shipping company, will see its operational expenses and capex jump as it prepares to comply with the International Maritime Organization (IMO) 2020 global sulphur limit.

"Currently, we are doing some study on couple of sample ships and we will zero down on the fuel option or a combination of options latest by early 2019," G Shivakumar, executive director and chief financial officer told Business Standard.

IMO has set a global limit for sulphur in fuel oil used on board ships of 0.50 percent m/m (mass by mass) from 1 January 2020. The

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First Published: Jun 30 2018 | 12:30 AM IST

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