The increase in bunker price in 2018 has been significantly higher than what had been expected. The increase is more than 20% compared to the beginning of the year and this unexpected development means it is no longer possible for to recover bunker costs through the standard bunker adjustment factors.
Due to the nature of the situation, SeaLand (and all other Maersk brands) is introducing an Emergency Bunker Surcharge (EBS) as a necessary action to ensure a continued sustainable service to their customers. EBS is applicable to all cargo on all trades –effective July 1, 2018 to and from the United States and Canada*.
As you recall from the advisory sent on May 29, EBS is applicable to all cargo globally, effective 1st June 2018 for non-regulated corridors and 1st July 2018 for regulated corridors.
Please note that 45’ DRY containers carry the same level as the 40’ DRY containers.
*Note that this revision is to include Canada in the implementation of July 1.
For non-regulated corridors, applicable to all cargo globally, the effective date remains June 1, 2018.
The surcharge tariffs are as follows:
| Emergency Bunker Surcharge | DRY + Special Equipment | REEFER | ||
| SCOPE | 20’ | 40’ / 45' | 20’ | 40’ |
| North America (United States, Canada, Virgin Islands (US) to / from East Coast South America
|
50
|
100
|
75
|
150
|
| North America (United States, Canada, Virgin Islands (US) to/from West Coast South America & North Coast South America
|
25
|
50
|
40
|
80
|
| North America (United States, Canada, Virgin Islands (US) to / from Central America and Caribbean
|
25
|
50
|
40
|
80
|
Tariff adjustment mechanism:
The EBS tariff communicated above is based on a bunker price of USD 440 (IFO380 in Rotterdam). EBS tariff is subject to change as per below trigger events:
- Should the bunker price (IFO380 in Rotterdam) increase to a level of USD 530, EBS tariffs will be multiplied by a factor of 2.0.
- Should the bunker price (IFO380 in Rotterdam) decrease to a level of USD 370, EBS tariffs will be zero.
