In addition however, ONE will also consider other possible solutions such as scrubbers and LNG as a fuel, which may be employed in the future.

In addition, to prepare for the new regulations, ONE has decided to implement a revised mechanism with effect from 1st January 2019.

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The new ONE Bunker Surcharge is more appropriate to the revised cost scenario. The OBS will apply on all new contracts which start on 1st January 2019 and will be valid until further notice.

Current contracts will still be subject to the previous BAF mechanism and remain so until the contract expires.

On the other hand, CMA CGM recently 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.