Worldwide shipping and logistics companyCMA CGM Group on Wednesday (1 April) announced the temporary removal of its surcharge on low sulphur fuel.
The company said it introduced a Low Sulphur Surcharge (LSS20) on 1 December, 2019 to cover the increase in fuel-related costs associated with the implementation of IMO 2020 regulations.
After taking into consideration the current price of very low sulphur fuel oil (VLSFO), CMA CGM has decided that as of 1 May, 2020 this Low Sulphur Surcharge is no longer applicable and may come back later as per their company’s formula.
Additional notes from CMA CGM regarding pricing formulas:
(*) The associated basic freights are available here. Other Bunker related surcharges, THC (Origin and Destination), Peak Season charges and similar charges and Safety and Security-related surcharges may also apply and are accessible at http://www.cma-cgm.com/ebusiness/tariffs/charge-finder. Other charges such as Contingency charges and local charges may also apply.
Photo credit: CMA CGM
Published: 3 April, 2020
OctamarTM HF-10 Plus was subjected to tests conducted at a third party lab by SGS Testing and Intertek in Singapore under the supervision of ClassNK earlier this year, according to spokeswoman.
Former Regional Marine Manager of BP Singapore issued penalty of SGD 6 million; he faces an additional 28-month imprisonment term if penalty is not paid, says Judge.
Sing Fuels claiming over total 1,049.29 metric tonnes of 380 centistokes bunker fuel delivered to bulk carrier Lila Shanghai at Port Elizabeth, South Africa in July 2019, according to court documents.
Reserve Stability Number results are ‘questionable’ as almost all additives targeting asphaltene management show effectiveness in the test, says spokesman.
Singfar International partnering Lianyungang Shenghua Shipbuilding to deliver 7,000 dwt DF bunker tankers from 2023 to support decarbonisation of the Singapore maritime industry.
GSM awarded USD 1.85 million as well as SGD 5,800; Judge finds SFM Director ‘ungrateful and dishonest in his dealings with Bernard and the plaintiff,’ according to Court Judgement seen by Manifold Times.