Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

CMA CGM extends bunker surcharge after August

7ee867f95798df182da1aa8d7a1e71d0
CMA CGM, citing continued high oil prices, has extended its emergency bunker surcharge (EBS) well into the high season.

The world’s third largest container line notified that the measure, “based on the Brent average price in June”, will be applied to all long-haul cargo worldwide from August 1 (date of loading in the origin ports) until further notice.

CMA CGM had first imposed the emergency bunker surcharge of $55/EUR45 per dry teu and $85/EUR75 per reefer teu in June. This was further extended in July, and now looks like will be a permanent feature for the remainder of the peak season.

Read More: CMA CGM extends bunker fuel surcharge

Other major lines, including Maersk Line, MSC and Ocean Network Express, have also introduced bunker surcharges.

The price of IFO380 in Singapore was quoted at $467.50 on July 25 according to Ship & Bunker.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish