Ocean carriers can expect a $2k-3k cost increase per forty-foot container with decarbonization

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Written By Jennifer Joslyn

🚢 Ocean carriers can expect a $2k-3k cost increase per forty-foot container with decarbonization.

CEO of Ocean Network Express (ONE) Jeremy Nixon is warning that there will be significant up-front cost associated with the transition to green fuels. Nixon called on the United Nations agency the IMO (International Maritime Organization) to accelerate the production of green hydrogen across energy companies so that the shipping industry can meet its goals. Today, the cost of fuel for a container is about $1,000 per forty-foot container. Will decarbonization efforts eventually level the playing field in the shipping realm?

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Jennifer Joslyn
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