News / CMA CGM extends emergency bunker surcharge despite fall in fuel price

02/07/2018

CMA CGM has decided to extend its controversial emergency bunker surcharge (EBS) to include cargo loaded on or after 1 July, despite the average price of fuel coming off its peak.

A statement from the French carrier maintained that since the announcement of the EBS on 25 ...

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Gary Ferrulli
July 02, 2018 at 2:06 pm
Both CMA and the writer focus on the short term impact of fuel when in fact the
price of fuel has risen nearly 70% in 19 months, 50% in last 12 months. The carriers mistakenly didn’t implement a surcharge in the third quarter of 2017 which would have been justified. Now shipper want it removed because of a 1 or 2% drop in price??

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- Mike
  July 10, 2018 at 12:04 am
  Gary,
  
  Since the fuel prices increased 50% since 12 months…is it fair to say that carriers increased their BAF surcharges as well?
  
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