Shipping firms Maersk Line and CMA CGM Friday introduced respective emergency bunker surcharges (EBS) due to an increase in bunker prices in 2018.
Maersk has increased their EBS to USD $60 per TEU, while CMA CGM has risen its price to USD $55 per TEU.
“As mentioned, the increase in bunker price in 2018 has been significantly higher than what had been expected and has now reached a level of 440 USD/ton in Europe, the highest since 2014,” says a note from Maersk.
“The increase is more than 20% compared to the beginning of the year and this unexpected development means it is no longer possible for us to recover bunker costs through the standard bunker adjustment factors.”
Maersk notes should the bunker price (IFO380 in Rotterdam) increase to a level of USD $530, EBS tariffs will be multiplied by a factor of 2.0; however, if the bunker price at Rotterdam decrease to a level of USD $370, EBS tariffs will be zero.
Related: MSC issues temporary emergency bunker surcharge
Published: 28 May, 2018
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