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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)