BHP Billiton has revealed how much it anticipates IMO 2020 legislation will jack up the cost of freight on key bulk carrier trade routes.
It has also predicted the fallout from the incoming emissions rules will soon be felt in the diesel market and shared some thoughts on the state of the bulker rate recovery path.
Dr Huw McKay, vice president of market analysis and economics at BHP, said the company expects the majority of shipowners will choose to use compliant fuel when the new rules kick in.
