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 1255 Corp - Shipping 1042 Energy - Bunker Fuel 91 Industrials - Capital Goods 625 Mode - Bulk 141 Mode - Seaborne 1853 Theme - Rates 243 U.S. 5418

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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