Maersk Says Customers to Pay for $2 Billion-a-Year Fuel Hike
- One of the clearest signs yet that world trade to be affected
- Company will detail fuel bills and expects customers to pay
Shipping containers sit on a Maersk Line AS container ship docked at the APM container terminal during a press tour of the Port of Rotterdam in Rotterdam, Netherlands, on Tuesday, Sept. 11, 2018.
Photographer: Jasper Juinen/BloombergThis article is for subscribers only.
The cost of delivering world trade is about to go up.
A.P. Moller-Maersk A/S, the world’s largest container shipping line, said Monday that customers using its giant box ships will have to pay separately for fuel from 2020, when prices are expected to surge because of tougher environmental standards. The regulations are designed to cut down emissions of sulfur, a pollutant blamed for human health conditions such as asthma.