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            november 18, 2019

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CMA CGM levies US$200/ton low sulphur surcharge from December


French shipping giant CMA CGM has introduced a low sulphur surcharge from December 1 to cover the increase in fuel-related costs associated with the implementation of the United Nations' IMO 2020 regulation.
The surcharge have been calculated using the price difference between high sulphur fuel and low sulphur fuel average prices of October. A previous announcement related to calculation, the retained value is US$200 per ton, which is multiplied by trade coefficient.
The surcharge will be applicable to all contracts with validity up to three months.

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