Charter market still heated, lack of open tonnage keeping rates high
Some VOCCs [vessel-operating common carriers] appear to be “shifting strategies” for ship acquisition in response ...
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 ...
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?