CMA CGM Sticks to Controversial Bunker Surcharge, and Raises the Price

By Mike Wackett (The Loadstar) - CMA CGM Group, which includes ocean carrier APL, has raised its emergency bunker surcharge (EBS) to $100 per teu for all deepsea cargo movements from 1 December. Introduced by the French carrier and a number of its peers on 1 June, in response to higher fuel prices, the controversial EBS was initially set by CMA CGM at $55 per … [Read more...]

Shippers Want ‘A Market Approach’ Dialogue On Shipping Lines’ Low Sulphur Fuel Surcharges

By Mike Wackett (The Loadstar) - As crude oil races towards $100 a barrel, the European Shippers’ Council has called for “a market approach” dialogue on shipping line bunker surcharge mechanisms ahead of the IMO 2020 sulphur cap. Brent crude hit a four-year high yesterday, at $82 per barrel, pushing up the price of IFO 380 heavy fuel oil (HFO) above $450 per ton. The … [Read more...]

MSC Announces New Bunker Surcharge to Help Cover $2 Billion Per Year Low Sulphur Fuel Costs

Mediterranean Shipping Company (MSC) has joined its rivals Maersk Line and CMA CGM in announcing a new bunker fuel surcharge to be imposed on its customers to help recover additional costs associated with the 2020 global sulphur cap. Starting January 1, 2020, new International Maritime Organization rules will require ships to use bunker fuel with a maximum sulphur content of … [Read more...]

Suspicious Shippers Urge Maersk to Rethink New Fuel Surcharge Plan

By Alex Lennane (The Loadstar) - Shippers have joined forwarders in condemning Maersk’s plan for new fuel surcharges to help recover the additional costs of low-sulphur marine fuel, to be introduced in January. The new charges, on top of existing contract rates, are triggered on the average cost of fuel and a ‘trade factor’ that takes into account cargo flows, with lower … [Read more...]

CMA CGM Says Global Sulphur Cap to Cost Customers $160 Per TEU on Average

French shipping giant CMA CGM on Monday said the 2020 global sulphur cap regulation will cost an estimated $160 per twenty-foot container or equivalent unit (TEU) to be paid by its customers in the form of a fuel surcharge. CMA CGM, the world's fourth-largest container shipping line by overall TEU volume, is the latest of the major ocean carriers to reveal how it intends to … [Read more...]