CMA CGM announces extension of Emergency Bunker Recovery


CMA CGM bunker surcharges: Because of high oil prices, the CMA CGM Group has decided to maintain the measure to recover this increase.

As a result, as from August 1st (date of loading in the origin ports) until further notice, this measure, based on the Brent average price in June, will be applied to all long-haul cargo Worldwide with the following amounts:

USD 55 would be charged per TEU for dry cargo, while USD 85 would be charged per TEU for reefers.

The measure has been introduced by a number of liner heavyweights such as Maersk Line and MSC to ease off the pressure on the already fragile market recovery.

In the first quarter, CMA CGM recorded a net loss of USD 77 million, against last year’s USD 86 million net income.

Liner majors are looking into various ways of cutting costs amid the prolonged rise in oil prices , including service reshuffling by withdrawing the number of ships and number of services.

Source CMA CGM

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