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 ...
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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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?