World News
MSC Adds $500/TEU Surcharge to Europe-Asia Container Shipments
Thursday December 21, 2023
Container line MSC, the world's largest shipping firm, has announced the surcharges it plans to add to European box exports to Asia as its vessels avoid the Suez Canal following the recent attacks in the Red Sea.
The firm plans to charge an extra $500/TEU, $1,000/FEU and $1,500 per reefer container for European exports to the Far East and Middle East, it said in a customer advisory on Wednesday.
For shipments to Jeddah and King Abdullah Port -- requiring a trip through Suez into the north of the Red Sea -- the firm will charge an extra $1,500/TEU, $2,000/FEU and $2,500 per reefer container.
The firm categorises the premium as a 'contingency adjustment charge', and will be applying it from January 1.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.