New low-sulfur fuel standards for marine ocean carriers go into effect Aug. 1, and the near-term result is likely to be a 20 percent to 25 percent hike in fuel costs for a special blended diesel carriers will have to use.
The switch in fuels is required to meet a 1 percent sulfur limit set by the U.S. Environmental Protection Agency, several shipping companies have said.
EPA drops the other shoe in 2015, when the sulfur standard is lowered to 0.1 percent...
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