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Companies raise bunker charges to reflect low sulfur requirement

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Wednesday, July 25, 2012
   Steamship lines are expected to adjust their bunker surcharges in coming weeks to account for the higher cost of low sulfur fuel that they are required to use in the "emission control area" (ECA) within 200 miles of the U.S. and Canada coasts. The Coast Guard will begin enforcing a requirement that ships burn 1 percent sulfur fuel on Aug. 1. Worldwide, ships can burn fuel with as much as 3.5 percent sulfur, though there is also an ECA off the coast in the Baltic and North Sea.    &nbs...
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