General Motors and General Electric Face Generally Higher Costs from Hoegh — Panjiva
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General Motors and General Electric Face Generally Higher Costs from Hoegh

Cons. Discr. - Autos 1251 Corp - Shipping 1030 Energy - Bunker Fuel 91 Industrials - Capital Goods 623 Mode - Bulk 139 Mode - Seaborne 1846 Theme - Rates 240 U.S. 5404

Breakbulk shipping operator Hoegh Autoliners has started adapting its vessels to use low-sulfur fuels to meet IMO emissions standards from 2020. On the basis of year-to-date fuel prices the basic cost of bunker fuel for the firm could rise by 44.9%. Hoegh will likely look to pass this onto its customers. The largest consignee served by Hoegh vessels on U.S.-inbound routes in the 12 months to Mar. 31 was General Motors with 102k tons of vehicles shipped from South Korea and Mexico. Other major consignees include Ford Motors shipments of vehicles from India and General Electric’s ...

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