Asia-Europe low-sulfur surcharges: first signs emerge

Social Media Posts (1).png

Asia-Europe shippers are getting their first glimpse of the additional cost per container that will be added to their shipping rate when carriers switch to low-sulfur fuel before the end of this year.

According to information one Asia-Europe shipper received from three carriers and shared with, at least one line has already begun to levy an additional low-sulfur fuel charge of $100 per TEU ahead of the Jan. 1, 2020 implementation of the International Maritime Organization (IMO) mandate.

The shipper reported that he was in discussions with a second carrier that plans to issue a surcharge of $106 per TEU from Nov. 1, while a third carrier has announced that it will levy a surcharge of between $120 and $180 per TEU from Dec. 1.

You can read more at JOC.

Vanessa Frye