CMA CGM informed that it will remove the Emergency Bunker Surcharge as from January 1st, 2019. The company has been implementing the measure since June 2018, due to increasing oil prices.
As CMA CGM explained, based on the Brent average price in November, the EBS amount will be non-applicable as from January 1st, 2019 until further notice.
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Before this announcement, CMA CGM had decided to favor the use of 0.5% fuel oil for its fleet, and to invest significantly:
- By using LNG to power some of its future container ships (9 ships on order), resulting in a 99% reduction in sulphur emissions;
- By ordering several scrubbers for its ships.
These measures represent a major additional cost estimated at an average of 160 USD / TEU. For this the company had noted that the additional cost will be taken into account through the application or adjustment of fuel surcharges on a trade-by-trade basis.
What is more, recently the shipping giant had increased bunker surcharge for short sea lines and the Mediterranean, as from December 1st, 2018.
