Hapag-Lloyd informed that it will revise its current profit outlook. Specifically, increased operational costs, mainly related to high fuel prices, made the company reduce its outlook.
As Hapag-Lloyd explained in a statement:
Reason for that is an unexpectedly significant and continuing increase in the operational costs since the beginning of the year, especially with regard to fuel related costs and charter rates combined with a slower than expected recovery of freight rates.
The company is not able to balance these developments with cost saving measures that have already been initiated, so it cut its profit outlook.
In addition, French container ship giant CMA CGM announced it will maintain the emergency bunker surcharges, as of 1 July, due to the increasing bunker prices since the beginning of the year.
[smlsubform prepend=”GET THE SAFETY4SEA IN YOUR INBOX!” showname=false emailtxt=”” emailholder=”Enter your email address” showsubmit=true submittxt=”Submit” jsthanks=false thankyou=”Thank you for subscribing to our mailing list”]
CMA CGM Group decided on May 25th to recover bunker costs through its bunker-related surcharges which was applied to all cargo on all worldwide trades.
In late May, Maersk, MSC, and CMA CGM, making up together more than 45% of the global container capacity, announced introduction of Emergency Bunker Surcharges, due to increasing fuel costs. This has erupted a wave of concern from global stakeholders of the maritime industry, including the Global Shippers Forum (GSF), the European Shippers’ Council (ESC), and the British International Freight Association (BIFA).
According to online freight forwarder iContainers, the EBS may be seen as a side effect of some as carriers’ efforts to inject more pricing transparency, but a better and more sustainable solution will be needed in the long run.
