Fri 25 May 2018, 13:55 GMT

Maersk Line introduces Emergency Bunker Surcharge


Shipper unable to recover bunker costs through standard bunker adjustment factors due to price jump.


Image credit: Flickr
Maersk Line has confirmed that it will be introducing an Emergency Bunker Surcharge (EBS) next month following the recent jump in the price of marine fuel.

In a statement, Maersk Line said: "The increase in bunker price in 2018 has been significantly higher than what had been expected and has now reached a level of 440 USD/ton in Europe, the highest since 2014.

"The increase is more than 20% compared to the beginning of the year and this unexpected development means it is no longer possible for us to recover bunker costs through the standard bunker adjustment factors."

Maersk Line's EBS tariff is based on an IFO 380 price of $440 in Rotterdam. According to Bunker Index price data for May 25, IFO 380 in Rotterdam was being sold at $430-434 per tonne - down from the previous day's $438-$440.

The boxship operator's EBS tariff is subject to change based on the following trigger events:

- Should IFO 380 in Rotterdam increase to $530, EBS tariffs will be multiplied by a factor of 2.0.

- Should IFO 380 in Rotterdam decrease to $370, EBS tariffs will be zero.

The EBS will be applicable to all cargo on all trades - except for export shipments from mainland China. The EBS will apply in Hong Kong and Taiwan.

The surcharge is due to become effective from June 1, 2018, for non-regulated corridors and July 1, 2018, for regulated corridors.

As Bunker Index previously reported, Maersk's Ocean segment consumed 3.1 million tonnes of marine fuel in the first quarter of 2018 (representing a year-on-year rise of 28.0 percent), spending just under $1.2 billion.

The average price spent on bunkers by Ocean in Q1 was $382 per tonne - a rise of $62, or 19.3 percent, on the previous year, and a quarter-on-quarter increase of $42, or 12.4 percent.

Maersk Ocean includes the ocean activities of Maersk's Liner Business (Maersk Line, MCC, Seago Line and Sealand) together with Hamburg Sud brands Hamburg Sud and Alianca as well as strategic transshipment hubs under the APM Terminals brand.


Tangier Maersk vessel. Maersk completes first US ethanol bunkering of a deep-sea container ship  

Shipper tests US-produced corn ethanol as a marine fuel aboard the Tangier Maersk.

CMA CGM Alceste naming ceremony. CMA CGM names methanol-powered vessel after Molière’s Alceste  

Ship features a MAN B&W 8G85ME two-stroke engine configured to run on conventional marine fuel and methanol.

Cutaway illustration of a battery-electric ship. Why batteries still cannot power ships across oceans  

Battery-electric ships dominate short-sea routes, but energy-density and infrastructure constraints keep deep-sea propulsion out of reach.

VPS logo. VPS to run marine fuel management course in Singapore  

Two-day programme in November covers fuel handling, testing and decarbonisation rules, including a laboratory tour.

Rio de Janeiro aerial view. Petrobras launches HSFO bunker sales in Rio de Janeiro  

Brazilian supplier begins prompt HSFO deliveries in Rio, pricing the fuel more than $80 per tonne below VLSFO.

Launching ceremony of MSC Alina X. Changhong International launches eighth LNG dual-fuel container ship for MSC  

10,300-TEU vessel is designed to meet ammonia- and methanol-ready specifications.

Kokuryu Maru vessel. Japan completes first methanol-fuelled coastal vessel and conducts inaugural bunkering  

Mitsubishi Gas Chemical, Kokuka Sangyo and Hanshin Diesel Works mark the completion of methanol-fuelled chemical tanker Kokuryu Maru.

Eleven Energy logo. Eleven Energy recruiting trader for new Singapore office  

Saudi bunkering firm looking to hire in Asian city-state ahead of planned January 2027 start date.

Singapore skyline. VPS advertises for bunker surveyor role in Singapore  

Testing and inspection firm seeks candidate to conduct bunker fuel surveys under Singapore Standards SS 648 and SS 600.

RCL vessels naming ceremony. RCL names first three of eight dual-fuel-ready 4,488-TEU vessels in China  

Regional Container Lines takes delivery of Anitta Bhum on day of naming ceremony.