CMA CGM to reflag box ship as the French carrier eyes growing Indian market
The box carrier heavyweights appear to be increasingly romancing the Indian market, with trade indicators ...
By Mike Wackett
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 May, “prices have continued to rise more sharply”.
As a consequence the $55 per teu charge would continue to apply through July and be “re-evaluated on a monthly basis”.
Since the peak of $443 per tonne of Rotterdam-sourced IFO380 heavy ...
Comment on this article
Gary Ferrulli
July 02, 2018 at 2:06 pmBoth 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??
Mike
July 10, 2018 at 12:04 amGary,
Since the fuel prices increased 50% since 12 months…is it fair to say that carriers increased their BAF surcharges as well?