Tag: surcharge

The Suez Canal Authority (SCA) announced changes to the reduction offered for LNG carriers and surcharges for container ships transiting the Canal.

The US Federal Maritime Commission has launched an inquiry into the timing and legal sufficiency of ocean carrier practices with respect to certain surcharges.

Following Panama Canal's tariff increase, Maersk announced they will implement a Panama Canal Surcharge (PCC) for all cargo transiting through the Canal, which will come into force by April 1st, 2020.

Following the coronavirus spread, refrigerated containers are being diverted and relocated due to the shortage of reefer plugs at several Chinese ports. Meaning that container companies cannot secure the discharge of their reefers containers without the main power source.

Despite the International Chamber of Shipping (ICS) efforts to pursue Panama Canal to reconsider the Freshwater Charge implementation several days ago, the water tax for ships passing through the passage, has been set into force from 15 February.

In light of the coronavirus situation, Ocean Network Express recently decided to apply a congestion surcharge of $1.000 per container for all the reefer cargoes arriving into Shanghai and Xingang from 15 February and onwards, as for regulated trades the effective date will be 14th March 2020 until further notice.

With the changing rainfall patterns and the low water levels at Gatun Lake, Panama Canal announced that will adopt new measures to reduce the low water level's impacts. Namely, ships will have to pay a freshwater fee, which will be set on force from 15 February.

After the recent attacks in the Gulf of Oman, Hapag Lloyd announced that the operating costs for their services in the Middle East Gulf region have increased. The attacks shocked the shipping industry resulting to CMA CGM also increasing its insurance costs in the area and implementing a War Risk Surcharge.

CMA CGM informed that after considering the recent incidents in the Strait of Hormuz and the related significantly increasing insurance costs in the Middle East Gulf region, it decided to implement a War Risk Surcharge. The War Risk Surcharge will apply from July 5th, 2019.

Hong Kong-based OOCL announced it will begin transition into the use of Low Sulphur Fuel for its entire fleet during the second half of 2019, in order to meet the 2020 sulphur requirements. OOCL added it will be introducing a bunker recovery approach based on a floating bunker formula.