As part of a survey realized in March, TIM CONSULT asked members of the Market Intelligence Initiative Global Ocean Transport and other interested shippers about their expectations concerning reduction of the sulfur maximum content in bunker oil from 2020 onwards, their opinions on green shipping, and their corporate citizenship regarding environmental sustainability.
32 responses were received from companies in Consumer Goods, Chemicals, Paper & Packaging, and Technology sectors, answering 39 survey questions.
The survey results show conclusively that shippers have high concerns about freight rate impacts from the sulfur cap regulations. The majority indicated that significant container freight rate increases from 2020 onwards can be anticipated.
Almost half of the participants expect liner shipping companies to modify their vessel operations to consume the expensive low sulfur fuel instead of conversion to exhaust gas cleaner/scrubber or LNG propulsion.
Opinions regarding green shipping and corporate citizenship over the next five years also show clear trends. 84% of the participants believe that environmental consciousness will become more influential in business conduct and 70% expect their companies to increase corporate citizenship initiatives regarding environmental issues.
These are partial results of our survey. If you would like to receive details, please contact Stefan Diener at TIM CONSULT. He will be pleased to answer your questions and provide further information.
Tel.: +49 (0)621 150 448-81