The true cost of new sulfur emissions regulations imposed by the IMO has yet to be proven, though so far it’s likely only container lines that have installed sulfur scrubbers – and so can use fuel that is $300/mt cheaper – that will be happy. Market evidence suggests less than 50% of cost increases for higher cost, low sulfur fuel is being passed through. The extended lunar new year holiday caused by the coronavirus outbreak will trim transpacific volumes during Q1. Exports by sea from Hubei province represented 27.4% of U.S. seaborne imports from China in 2019. The ...