New US environmental rules will result in a rise of the cost of shipping containers to Bermuda.
The laws mean the Island’s three container ships will have to burn more expensive ‘eco-fuel’ when they get within 200 miles of the US shore.
Local shipping lines say the regulations, which take effect at the start of 2015, could mean a $50 to $55 increase in the cost of bringing a single container into Bermuda.
Barry Brewer, President of Neptune Ltd, which owns Bermuda Container Line and operates the Oleander, said the increase was ‘unfortunate’ but would not jeapardize the line.
“This new policy does not just affect ships in Bermuda, this has effects to the shipping industry across the globe,” he said. “For