JAPANES liner company ONE is
following in the footsteps of Maersk, MSC and CMA CGM by introducing an emergency
bunker cost Recovery surcharge (BRS) ranging from US$20 to $60 per TEU
starting from July 1.
"ONE has encountered
progressive and significant inflation of fuel costs over recent months. Bunker
fuel prices have increased by more than 25 per cent during 2018 and
could escalate still further," it said in a letter to customers, reported Seatrade
Maritime News, Colchester, UK.
ONE continued: "This sustained
surge in fuel costs has greatly impacted our cost base. The escalating cost
situation has now reached the point at which ONE are forced to respond by
adjusting our approach to bunker related pricing components."
ONE's surcharge will be imposed on
all trade lanes, barring cargo originating from Mainland China - the same as
Maersk's surcharge policy. However, ONE is differentiating itself from its
rivals by introducing varying charges for the different trade lanes as well as
excluding customers that have agreed to a floating BAF mechanism in their
contracts.
Transpacific, transatlantic, Asia-Europe and Asia-Med
services will be subjected to surcharges of $50 per TEU for dry containers,
while charges could go up to $110 per TEU for reefers on the European trades.
Latin America and Africa trades along with the
Asia-Oceania routes will see the highest charges of $60 per TEU for dry
containers, while Intra-Asia will have the lowest charge of $20 per TEU, and
Asia-Middle East surcharges will be $40 per TEU for dry containers.
Maersk and CMA CGM have introduced
surcharges of $90 and $85 per reefer TEU across the board, respectively.
"ONE continues to explore all
avenues to mitigate fuel consumption and costs for the benefit of the
environment and supply chain costs of our valued customers," ONE added.
According to Alphaliner, the move by Maersk,
MSC and CMA CGM would have covered 45.1 per cent of capacity in the container
shipping market. With ONE following suit, a further seven per cent of
capacity will be affected, meaning 52.1 per cent of global container shipping
capacity will be subject to the emergency bunker surcharges.
Source : HKSG.
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