World News
CMA CGM Extends Bunker Surcharges
Monday July 2, 2018
French boxship operator CMA CGM is to continue its bunker surcharges charged to all cargo on all worldwide trades which were first imposed on May 25.
"Because bunker prices have remained high, the CMA CGM Group has decided to maintain these measures," the company posted on its website over the weekend.
The notion of bunker surcharges has not sat well with shipper companies, which organise the movement of cargo.
The European Shippers Council has called for a meeting with container lines to discuss the matter, maritime news provider Lloyd's List reports. The council has also taken the bunker surcharge issue up with the European Union.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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 24The arrests were both on Monday. -
Apr 23The ship had come to Singapore from St Petersburg.