souhang.com learned that Zhang Zhengyong, chairman of Evergreen Shipping, , revealed in an interview with the media recently that Evergreen Shipping will face the biggest challenge this year - fuel cost.
Evergreen Shipping General Manager Li Mengjie said that the International Maritime Organization will announce the specifications of low-sulfur oil in May, and the specifications have not been determined. Although Evergreen Shipping will install waste gas scrubbers, waste gas scrubbers need to be paid in line to purchase and also queued to enter the dock to install. It will take 1 or 2 years before and after. In addition to the ship's time and capacity loss, it is a huge expense.
Zhang Zhengyong pointed out that no matter how the market changes, the market demand for container ships still exists. The focus this year is still on the changes in supply, and this year it is expected to benefit from the trend of supply to balance.
It is understood that Evergreen Shipping ordered 38 1900TEU to 2500TEU branch container ships last year, and it is expected to be delivered in the next 2 to 3 years. Since the old 5000TEU container ships are more fuel-intensive than the 12000TEU container ships, this means that Evergreen Shipping will eliminate 5000TEU to 8000TEU container ships in the future.
As we all know, 2019 is the starting line for the International Maritime Organization (IMO) sulfur limit order. Purchasing fuel that is more expensive than high-sulfur fuel (HSFO) will incur additional costs. The price difference between high-sulfur oil and low-sulfur oil reaches US$200 to US$300 per metric ton, with a difference of up to 50%.
At the same time, investing in emission reduction technology will also incur additional costs. Therefore, the profit margin of the industry will be squeezed, unless the cost is transferred to terminal consumers through the entire supply chain, which is also a problem and challenge for the entire industry!
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