World News
Maersk Line: Separate ECA Surcharge Will Provide Better Transparency to our Customers
Maersk Line has released details for its previously announced Low Sulphur Surcharge, which the company will adopt to offset rising costs due to new Emissions Control Area (ECA) regulations, saying the separate surcharge will provide better transparency to its customers.
The Danish company said that the charges will be trade-specific and apply equally to headhaul and backhaul, along with dry and reefer cargo, and will also vary based on the additional costs for low-sulphur fuels for the particular trade.
The extra amount ranges from $30 to $160 per forty-foot equivalent unit (FFE).
"We believe that a separate surcharge will provide better transparency to our customers on the additional costs arising from the new environmental requirements than if we had integrated the costs into our existing bunker surcharge (SBF), as previously communicated," Maersk said.
The company explained that some routes will see higher charges due to the amount of time ships sail in ECA areas.
Countries in the Baltic zone, which include Finland, Russia, Latvia, Lithuania and Estonia, will see the highest tariffs due to an additional surcharge levied that reflects the amount of fuel the routes will consume.
Beginning January 1, 2015, marine fuel used in ECA zones will be limited in sulfur content to no more than 0.10 percent by weight.
Project and heavy lift shipping company Rickmers-Linie warned in September that new ECA regulations would most likely mean that extra costs would be passed on to customers.
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 |
Popular Now More
-
Apr 24Non-compete clauses have not always been used in a fair and reasonable way in the bunker industry, Maritime Recruitment Company Ltd's Vernon Jayanathan tells Ship & Bunker. -
Apr 25Government investigating after test results altered 'to make the fuel consumption data look better'. -
Apr 26The company is looking for candidates with bunker trading professional certifications and at least six years of experience in a similar role.