|
2005
2005, September 16: AP Moeller-Maersk, the
world's largest container carrier and six other cargo lines have announced an
increase in Fuel Surcharges in an effort to recover part of their costs.
Starting on October 16, the shipping lines plan
to charge $423 for each twenty-foot container to and from the U.S. East Coast
and Gulf Coast, an increase of 19 percent, the seven-member Trans-Atlantic
Conference Agreement (TACA) said on Monday. It will raise fuel charges by 20
percent to $635 to ports along the U.S. West Coast.
Liner services have been severely impacted by
higher fuel costs because of record oil prices. According to
MarEx Newsletter, ship bunkers rose to a record $303 a metric ton in
Rotterdam on September 2nd, more than doubling this year. Approximately 80
percent of global trade is carried by sea. 'Based upon the latest bunker
monitoring, which has seen the price of fuel hit a record high, an adjustment of
TACA's' levies has been triggered, the group said. They expect the increased
fuel charges to last through mid-November.
Furthermore, higher costs from fuel prices and
port fees in the U.S. are hurting profits at shipping lines such as AP Moeller'
Maersk Sealand and Hapag-Lloyd Container Line GmbH, a unit of TUI AG. The price
of so-called 380 Centistoke Bunker Fuel at the port of Rotterdam was $269 a
metric ton on Monday. The group will boost fuel charges for 40-foot containers
to $846 from $708 for East Coast and Gulf Coast ports and to $1,270 from $1,062
to and from the West Coast.
Atlantic Container Line AB, Nippon Yusen Kaisha
Line, Orient Overseas Container Line Ltd, Royal P&O Nedlloyd NV and
Mediterranean Shipping Co are also members of TACA.
By using this site you are agreeing to the terms and conditions outlined below.
Caribbean Shipping Association (CSA) has made all reasonable efforts to ensure that all information provided through CSA's web site on the internet is accurate at the time of inclusion. However, whilst all efforts are made to ensure that the information represented is as accurate as possible, there may be inadvertent and occasional errors for which CSA apologises.
CSA makes no representations or warranties about the information provided through this web site, including any hypertext links or any other items used either directly or indirectly from CSA's web site and reserves the right to make changes and corrections at any time, without notice.
CSA accepts no liability for any inaccuracies or omissions in CSA's web site and any decisions based on information contained in CSA's web site are the sole responsibility of the visitor. |
|
