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.


Graphic promoting Auramarine webinar titled 'Sustainable Fueling Part 3: Ammonia - next alternative fuel in marine'. Auramarine to host webinar on ammonia as marine fuel in April  

Finnish firm will explore ammonia’s role in maritime decarbonisation at its third spring webinar.

Front cover of study by WinGD and Envision Energy titled 'Renewable Fuel Economics: An OPEX illustration based on current costs'. Green ammonia could reach cost parity with VLSFO and LNG by 2050, study finds  

WinGD and Envision Energy study projects green ammonia operational costs competitive with conventional marine fuels.

Elenger Marine's LNG bunkering vessel Optimus alongside Brittany Ferries’ Saint-Malo. Bureau Veritas verifies methane emissions on Brittany Ferries’ LNG vessels  

Verification enables ferry operator to report measured methane slip instead of regulatory default values.

Map showing existing and planned Emission Control Areas (ECAs). Alliance calls for urgent black carbon action as new Arctic emission control areas take effect  

Canadian Arctic and Norwegian Sea ECAs now in force, with compliance deadline set for March 2027.

Artistic impression of battery-electric ferry for operation on Perth’s Swan River. Lloyd’s Register to class Western Australia’s first electric ferry fleet  

Echo Marine Group partners with Lloyd’s Register on five battery-electric ferries for Perth’s Swan River.

Thomas Kazakos, secretary general of The International Chamber of Shipping (ICS). ICS condemns Middle East shipping attacks as 20,000 seafarers remain trapped  

Industry body calls for urgent state action to resupply vessels and enable crew changes.

Molslinjen ferry illustration. Molslinjen order propels Australia to top of battery vessel production rankings  

Danish ferry operator’s three-catamaran order at Incat Tasmania shifts global manufacturing landscape, analysis shows.

Petrobras logo. Petrobras doubles invoiced price of MGO and LSMGO  

Export tax by Brazil's federal government forces Petrobras to double distillate invoice values.

Bunkering of Viking Line's Viking Glory by a Gasum vessel in Turku, Finland. Gasum renews FuelEU Maritime pooling partnerships with Viking Line and Wallenius SOL  

Nordic energy company extends compliance pooling arrangements with two shipping companies operating bio-LNG vessels.

Naming ceremony for CMA CGM Carmen on 18 March 2026. CMA CGM names methanol-powered container ship CMA CGM Carmen  

French shipping line christens 15,000-teu vessel as part of its alternative fuel fleet expansion.