 "The cost of freight movement by road is ~2.58 per ton-kilometre, compared with ~1.41 per ton-km for rail and Rs 1.06 per ton-km for waterways")
With IMO (International Maritime Organization) 2020 regulation round the corner, the global container shipping industry is expected to witness a cost escalation of $15 billion, experts said.
“A new component called Low Sulphur Surcharge (LSS) will be added to the freight rate when ships start using cleaner fuel.
LSS on the busy Asia-Europe trade route would be $250 for forty-foot container, while on the Far East to Indian ports, it would be $100 for the same, taking total freight rate up by the same quantum,” Vishal Kashav, senior analyst-maritime supply chain at Drewry Shipping Consultants told Business Standard.
LSS on the busy Asia-Europe trade route would be $250 for forty-foot container, while on the Far East to Indian ports, it would be $100 for the same, taking total freight rate up by the same quantum,” Vishal Kashav, senior analyst-maritime supply chain at Drewry Shipping Consultants told Business Standard.
The IMO
