Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
By Mike Wackett
MSC is the first ocean carrier to react to diminishing returns caused by soaring fuel costs and announce an emergency bunker surcharge across its services.
It said that, with oil at now around $80 per barrel, the situation was “no longer sustainable without emergency action”.
In a customer advisory today, it added: “The continued surge in bunker prices has greatly impacted the operating environment for container shipping lines. MSC is therefore introducing a worldwide temporary emergency bunker surcharge on all ocean and land-based cargo ...
Comment on this article