Earlier this month both Maersk and Hapag-Lloyd announced their introduction of a new Bunker Adjustment Factor (BAF) from 1st January 2019, now the world’s second and third largest container shipping lines have revealed they also intend for customers to pay for their sulphur cap compliance.
Mediterranean Shipping Company (MSC) will introduce a new Global Fuel Surcharge from 1st January 2019, a year ahead of the introduction of IMO-mandated global sulphur cap. Like Maersk, MSC explained the cost of the fleet adjustment to meet the criteria of the sulphur cap would cost more than $2bn.
CMA CGM continued the trend, releasing a statement that announced their application of fuel surcharges on a trade-by-trade basis. The French line offered further detail by quantifying how much the sulphur cap was costing per box moved, stating that the fleet changes it was making to be compliant was costing an average $160 per teu.