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...]
Maersk Asks Customers to Pay for $2 Billion Low Sulphur Fuel Bill Through New ‘Bunker Adjustment Factor’
By Christian Wienberg (Bloomberg) -- The cost of delivering world trade is about to go up. A.P. Moller-Maersk A/S, the world’s largest container shipping line, said Monday that customers using its giant box ships will have to pay separately for fuel from 2020, when prices are expected to surge because of tougher environmental standards. The regulations are designed to cut … [Read more...]
Maersk to Install Scrubbers On a ‘Limited Number of Vessels’ Ahead of 2020 Global Sulphur Cap
SINGAPORE/COPENHAGEN, Sept 12 (Reuters) - A.P. Moller-Maersk , the world's biggest container shipping group, will add devices to reduce harmful exhaust emissions to some of its ships ahead of new global fuel regulations starting in 2020. To combat air pollution, the International Maritime Organization (IMO), the United Nations' shipping agency, has set global regulations to … [Read more...]
Maersk Braces For A $5+ Billion Fuel Bill In 2020
By Jack Wittels (Bloomberg) The world’s largest container shipping line says adhering to stricter environmental standards could add at least $2 billion to its annual fuel bill from 2020, one of the clearest examples yet of how vessel owners will be affected by rules to curb sulfur emissions that take effect in 16 months’ time. High crude prices, tight availability of … [Read more...]
Maersk Container Overbookings Delay Brazilian Exports
by Marcelo Teixeira (Reuters) - Brazilian exporters are facing delays shipping goods transported in containers, including coffee and cotton, due to overbooking, the world’s largest container shipping company, A.P. Moller-Maersk, said on Monday. In a report on its operations in Brazil, Maersk said exports fell for the second quarter in a row, citing the practice of some … [Read more...]