Norway’s Wilh. Wilhelmsen intends to use a range of hedges against an expected sharp rise in fuel costs when new global rules come into force at the start of 2020, mandating the use of low sulphur bunkers.
Group chief executive Thomas Wilhelmsen says the company anticipates it will be hard to pass the higher cost on to customers, with low sulphur fuel set to be up to $350 per tonne more expensive than today’s standard high sulphur bunkers.
