Chinese Bill Could Increase Shipping Costs in Hong Kong
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Shipping lines have historically fined US$30 to US$90 per container on ships for the extra cost of clean fuel. According to the South China Morning Post, 19 shipping firms volunteered to switch to the low-sulfur fuel, and covered all of the extra costs, which reached an average of $2 million per year. They did not receive any cash subsidies from the city government until nearly three years later, which covered less than half of the extra cost.
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Brendan Menapace
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Brendan Menapace is the content director for Promo+Promo Marketing.
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