ONE Joins Rivals in Introducing Emergency Bunker Fuel Surcharge

Freshly-minted Japanese container shipping line Ocean Network Express (ONE) has become the latest box line to introduce an emergency bunker fuel surcharge due to rising fuel prices over the last several months. ONE said the "Bunker cost Recovery Surcharge (BRS)" charge, ranging from $37 to $60 per dry TEU and up to $110 per reefer, will be applied on a "widespread basis" … [Read more...]