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Fri 27 Jul 2018, 00:02 GMT

CMA CGM extends emergency bunker surcharge


Bunker-related fees remain in place due to 'high oil prices'.

The CMA CGM Marco Polo.
Image credit: CMA CGM
CMA CGM has announced that it will be extending its so-called 'Emergency Bunker Recovery Measures' from next month.

The boxship operator explained that, due to "high oil prices", the bunker-related surcharges would remain in place until further notice so that it would be able to recover the increased costs.

The following fees - based on the average Brent price for the month of June - are to be applied to all long-haul cargo worldwide. They remain unchanged compared to those implemented on June 1.

Dry: USD 55/TEU

Reefer: USD 85/TEU

Dry: EUR 45/TEU

Reefer: EUR 70/TEU

The implementation date will be August 1 (date of loading in the origin ports).

Back in May, CMA CGM posted a "very sharp rise" in bunker expenses during the first quarter of 2018 as the company recorded a loss (after tax) of $67.2 million.

Marine fuel costs between January and March were up 17 percent year-on-year, whilst fuel oil prices paid rose by 19.4 percent.

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