Tag: CMA CGM

CMA CGM removes emergency bunker surcharge
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CMA CGM removes emergency bunker surcharge

CMA CGM Group has announced that its emergency bunker surcharge (EBS) will be non-applicable from January 1, 2019, until further notice. The EBS was implemented in June 2018 due to rising oil prices. Based on the Brent average price today, CMA CGM has decided to remove its bunker surcharge. Other bunker-related surcharges, THC (Origin and...

CMA CGM to review fuel surcharge policy
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CMA CGM to review fuel surcharge policy

CMA CGM will review its sales policy regarding fuel surcharges in response to increasing prices of fuel. The company will favour the use of low sulphur 0.5 per cent fuel for its fleet, invest in LNG to power some of its future containerships on order, and install several scrubbers in response to the IMO’s global...

CMA CGM extends emergency bunker surcharge
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CMA CGM extends emergency bunker surcharge

CMA CGM Group has announced an extension of its Emergency Bunker Recovery Measures as from August 1, 2018. The measure has been maintained due to high oil prices to maintain the measure to recover this increase. The emergency bunker surcharge aims to protect carriers from unexpected increases in fuel cost. From August 1, until further...

APL reports 5 per cent fuel savings across fleet
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APL reports 5 per cent fuel savings across fleet

Shipping and ocean freight provider, APL, has reported a 5 per cent saving in fuel consumption in 2017 compared with one year ago. The reduction in fuel is due to implementation of various strategies and services to optimise its fleet and voyages, as well as deployment of fuel-efficient vessels. The carrier reports that its rigorous...