DECEMBER 2019 REVISION IN NEW BUNKER SURCHARGE RATES

Dear Business Partners,

Regarding New Global Sulphur Cap, which was adopted by IMO - International Maritime Organization will come into force as of 1st of January, 2020 as we already announced previously.

Now we are in the transition period from heavy fuel oil to VLSFO (low sulphur fuel oil) and therefore we will start using new generation low sulphur fuel oil in our vessels during December 2019.

thank you in advance for your usual support and understanding.