Hapag-Lloyd implements emergency bunker fee on 'strong bunker price development'

Surcharge is due to become effective on March 9.



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Updated on 07 Feb 2018 15:17 GMT

Hapag-Lloyd on Wednesday announced that it will be implementing an emergency bunker surcharge (EBS) on trades from Latin America to Africa.

The new fees are as follows:

From/To Mexico EC To/From South & West Africa
EBS: USD 56/TEU

From/To Mexico WC
EBS: USD 66/TEU

From/To SAEC
EBS: USD 56/TEU

From/To SAWC
EBS: USD 70/TEU

From/To Central America, Caribbean
EBS: USD 57/TEU

The surcharge applies to all new contracts coming into effect as of March 9.

Explaining the reason for the surcharge, Hapag-Lloyd said: "The change of the update cycle has become necessary due to the strong bunker price development," adding: "We reserve the right to change this update cycle anytime in the future."

At the start of the week, Hapag-Lloyd announced an EBS for cargo within and between the Middle East and Indian Subcontinent at $15 per 20' container and $30 per 40' container. The new charges are due to become effective on March 1.

Last week, the container shipping specialist also confirmed new March EBSs for routes from the Middle East & Indian Subcontinent to Europe and the Mediterranean; Latin America East Coast to North Europe and the Mediterranean; and Europe/Med to Middle East/Indian Subcontinent.