Hamburg Sud announces “environmental fuel” surcharge for IMO 2020

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The German shipping company, Hamburg Süd, a subsidiary of Maersk, has announced the introduction of an “environmental fuel rate” (EFF) before the new IMO 2020 regulations.

See article on IMO 2020 regulation

The regulation will take effect on January 1, 2020. To which the company states that the EFF would take effect one month before; On December 1, 2019, it would cover the increase in fuel-related costs associated with the implementation of new regulations.

Hamburg Süd said the rates were calculated using the price difference between the high sulfur fuel and the low sulfur fuel. According to the company, the difference calculated is USD 193.08 / ton. By transferring the increase in the fuel bill to exporters / importers.

See VIDEO IMO 2020: Higher freight rates?

Hamburg Süd has become the last company to announce this surcharge after Maersk, MSC and Hapag-Lloyd introduced similar bunker recovery mechanisms.

Source WMN

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