Price shocks for fossil fuels this year have seen some green alternatives get close to their cost, but shipping will have to face much higher prices in future, the head of Mediterranean Shipping Co (MSC) regulatory policy said today.

“With alternative fuels, any of them, we have the expectation that they will be significantly more expensive than the costs we are used to paying,” said MSC Group’s executive vice president of maritime policy and government affairs, Bud Darr.