MSC announced that it will introduce a new Global Fuel Surcharge as of 1 January 2019 in order to help customers plan for the impact of the post-2020 fuel regime.
MSC decided to implement the fuel surcharge, as its operating costs are expected to increase significantly ahead of the 2020 sulphur cap.
MSC’s Global Fuel Surcharge will replace current bunker surcharge mechanisms and will reflect a combination of fuel prices at bunkering ports around the world and specific line costs such as transit times, fuel efficiency and other trade-related factors.
The cost of the various changes the company will make to its fleet and its fuel supply will be more than two billions of dollars (USD) per year.
In addition, MSC will establish a plan to optimize energy efficiency through continuous evaluation of trade route networks, in order to help limit fuel use and improve service reliability.
Until now, Maersk and CMA CGM have also implemented fuel surcharges. Namely, CMA CGM announced that the measures to comply with the 2020 regulation will add a major cost estimated at an average of 160 USD / TEU. This additional cost will be taken into account through the application or adjustment of fuel surcharges on a trade-by-trade basis.
Maersk also informed that it will change the fuel adjustment surcharge ahead of the 2020 sulphur cap. The new Bunker Adjustment Factor (BAF) aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020.
To allow customers to familiarise with the changed formula, Maersk Line’s BAF surcharge will be introduced on 1 January 2019.