Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

CMA CGM joins Maersk and Hapag-Lloyd in low-sulfur surcharge

French carrier CMA CGM today became the third global shipping line to announce a low-sulfur charge effective December 1 for cargo moving on short-term contracts of up to three months. It joins Maersk Line and Hapag-Lloyd who sent similar “Environmental fuel fee” notifications last week to cover an increase in fuel-related costs determined by the implementation of the IMO 2020 regulation as of January.

The surcharge is calculated using the price difference between high-sulfur fuel and low-sulfur fuel average prices of October. Last week, the spread widened to 58 per cent.

According to the carrier’s online tool (tariff value calculator), a Shanghai-Rotterdam shipment in December generates a low-sulfur fuel surcharge of $120 per TEU, or approximately 17 per cent of the current spot price per container. (photo HPA)

Facebook
Twitter
LinkedIn
Pinterest
Email

Recent articles

Subscription

Receive your print copies at home or at work so you can read and consult them comfortably and at your leisure!

Online magazine

Access our virtual space where you will find our different issues in digital format! All in one place!