Hyundai Merchant Marine expects uncertain results over cargo volumes to continue in 2019, because of multiple, global economic factors. The uncertainty is based on the global economic slowdown, Brexit and the US-China trade war.
According to the company, liners’ burden of high fuel costs will increase due to the US sanctions against Iran, OPEC agreeing to cut oil production, and increase in demand of low sulfur fuel oil in preparation for IMO 2020.
Specifically, the company accomplished a...
https://safety4sea.com/hmm-remains-uncertain-for-its-2019-cargo-volumes/