World News
Maersk Line: Additional ECA Surcharge will be $50 to $150 per FEU
Maersk Line said it will charge customers an extra $50 to $150 per forty-foot container for shipping on routes that run through European and North American Emissions Control Areas (ECAs), transport industry news site JOC reports.
The company said it will pay about $250 million per year extra when new limits on the sulfur content of fuel take effect at the start of next year.
Maersk Line said it expects about 7 percent of the fuel used by its fleet, or 650,000 metric tonnes (mt), will have the 0.10 percent sulfur content required in ECAs.
In addition, the carrier said its costs for third-party feeder operators will rise as those companies pass along their own increased fuel bills.
"We expect that (the) additional cost to customers in affected trades will be between $50 and $150 per 40-foot container to and from main ports, depending on transit time inside ECA areas and whether touching ECA areas at both origin and destination," the carrier said.
The extra costs will vary as the price of low-sulfur fuels rise and fall, and they will be higher for refrigerated containers, which require the use of extra fuel for electricity generation.
Maersk LIne said it will provide more detail on standard surcharge increases as it gets better estimates of the likely price of low-sulfur fuel in 2015.
One recent analysis predicted that carriers will pay 62 to 70 percent extra for sulfur burned in ECAs compared with heavy fuel oil (HFO).
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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