CMA CGM and MSC justify bunker surcharges
Box lines CMA CGM and MSC reveal details of new pricing mechanisms, or ‘bunker adjustment formulas’ for shippers from the start of next year ahead of the 2020 sulphur cap. The two carriers announced in September they would follow Maersk Line’s lead with the introduction of BAFs as a means of passing on the bunker bill burden to customers
MSC says that it expects to incur costs in excess of $2bn annually as a consequence of the IMO’s red tape around low-sulphur regulations
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