Mediterranean Shipping Company

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MSC to apply surcharge on cargo to Venezuela

Amid the imposition of sanctions related to Venezuela, and the current political volatile situation in the country, MSC informed that it will apply, with immediate effect a War Risk Premium surcharge on cargo coming from worldwide destinations into Venezuela.

MSC announces new bunker charge mechanism for 2019

As per a previous announcement in late September, Geneva-based Mediterranean Shipping Company is introducing new bunker charges as of 1 January 2019 in line with 2020 sulphur cap. After considerable analysis of operating costs and related market factors, the company has now established a new price mechanism – the BRC (Bunker Recovery Charge) – which will be transparent to respective trades.

Hapag Lloyd to implement Marine Fuel Recovery mechanism

Ahead of the 2020 sulphur cap, Hapag Lloyd said that using low-sulphur fuel oil will be the key solution for the company to remain compliant. This fuel however, comes with an increase in fuel costs, something that made Hapag Lloyd establish a Marine Fuel Recovery (MFR) mechanism.

FUELSAVE: Fuel surcharges can be reduced

The recent fuel surcharges from major container shipping companies could be reduced for the mutual benefit of shipowners and operators, as well as their customers, considering the technologies available for reducing fuel consumption, believes Marc Sima, President and co-founder of Germany’s FUELSAVE.

MSC introduces new fuel surcharge

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. 

Maersk, MSC, ZIM to cooperate on the Asia – US East Coast trade

Maersk Line, Mediterranean Shipping Company and ZIM announced a new strategic cooperation on the Asia – US East Coast trade. As of September 2018, Maersk and MSC will provide four of their operated loops to a combined operation of five loops with ZIM between Asia end the US East Coast.

Global Shippers Forum not in favour of Emergency Bunker Surcharges

Recently the MSC and Maersk implemented Emergency Bunker Surcharge due to high bunker prices. Now, the Global Shippers Forum says that this is a negative development and needs to be changed. Chris Welsh, Secretary General of GSF noted that the industry needs to be more transparent about bunker surcharge costs.

Maersk, MSC review Iran operations after US withdrawal from JCPOA

The world’s top two container shipping companies, Danish Maersk Line and Geneva-based MSC, are reviewing their Iran operations, following the US withdrawal from the international nuclear agreement with Tehran. This is expected to have significant implications for shipping trade with Iran and the insurance of this trade.

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