For all FMC lanes, we will continue to announce any expected increases 30 days prior to the implementation. Effective 1st January 2020, the International Maritime Organization (IMO) is introducing new regulations involving the use of fuel with a maximum 0.5 % Sulphur content (low Sulphur bunker). November 1, 2019 at 5:18 pm. While the surcharges all cover the additional cost of IMO 2020 compliant fuel, each carrier calls them by a different name. IMO 2020 COST COMPLIANCE SURCHARGE The surcharge will be applied for all shipments that have a Bill of Lading date of December 1st 2019 or later. As outlined above, freight rates will be impacted by the monthly variable IMO surcharge. The new International Maritime Organization (IMO) Low Sulphur Regulation will be effective from 1 January 2020 and will require all shipping companies to reduce their Sulphur emissions by 85%. by ord​ering several scrubbers for its ships. In the case of larger container ships doing long-haul routes, that transition has almost certainly already occurred (to prevent a ship from still carrying 3.5% sulfur fuel in mid-voyage on the deadline day). Our Story. OOCL’s Bunker Recovery Approach Currently, all ocean-going vessels are required to use marine fuel with a Sulphur content of no more than 0.5% (from 3.5%) in order to comply with the IMO 2020 requirement effective as of January, 2020. DHL has calculated an average surcharge based on what our carriers impose. Yang Ming is the first container shipping line to announce a new Bunker charge for IMO2020, applicable to ALL shippers from Asia to Europe, effective from 1st December 2019 @ USD 125 per teu. It is calculated as follow: BAF = 0.5% FUEL PRICE PER TON X TRADE COEFFICIENT*. Dear all our Customers, As some of you may be aware, there has recently been new IMO2020 regulations. CMA CGM has introduced a Low Sulphur Surcharge (LSS20) effective December 1st, 2019 to cover the increase in fuel-related costs associated with the implementation of the IMO 2020 regulation. Please ask your local Kuehne + Nagel representative for further details. 1 January 2020 set as implementation date for significant reduction in the sulphur content of fuel oil used by ships. The Global Shippers Forum released a list of 10 tips for shipper negotiations. Global Albania Angola Argentina Australia … Dear all our Customers, As some of you may be aware, there has recently been new IMO2020 regulations. Bei Rückfragen wenden Sie sich gerne an Ihren lokalen DSV Ansprechpartner. Effective April 1st, 2020. Karriere Über Kühne+Nagel Newsroom Standorte. A complete range of value-added services designed to provide ultimate care and boost your business, The online management of every step of your shipping cycle. Hapag-Lloyd says it expects $1 billion in higher costs in the first few years of the 2020 mandate, based on the assumption of a $250 per ton spread in the price of low- and high-sulfur marine fuel. IMO 2020 – Sulphur cap 2020. In the trade lane from China to North Europe (SONAR: FBXD.CNER), container pricing rose 9.4% between Nov. 29 and Dec. 10. Besides that, the respective shipping routes affect the IMO 2020 surcharge. Je nach Reederei werden diese entweder als erhöhter BAF oder als zusätzliche Gebühr bspw. Low-sulphur regulations may trigger more slow steaming and transhipment and be ruinous for some container lines if they fail to recover more from customers than in the past, says Drewry. Intra-Asia Market: IMO 2020 - Low Sulphur Surcharge (LSS) - April 2020 LSS will be calculated as follow: LSS IMO 2020 = (0.5% FUEL PRICE PER TON – OCT 2019 3.5% HIGH SULPHUR FUEL PRICE PER TON) X TRADE COEFFICIENT* *The trade coefficient represents the fuel consumption per carried TEU In the transpacific market, pricing on the China-to-North American West Coast route (SONAR: FBXD.CNAW) is up 15% between Nov. 29 and Dec. 10. Wednesday, February 05, 2020. p Print news. Fuel cost would account for an even larger portion of total freight rate. He then spent 15 years at the shipping magazine Fairplay in various senior roles, including managing editor. A total of 25366 hours of congestion were recorded on the national roads. The marine sector will have to reduce sulphur emissions by over 80% by switching to lower sulphur fuels. Editor’s note: Freightos has a business agreement with FreightWaves that includes editorial coverage. Please see full statement here. IMO 2020 – Low Sulphur Surcharge (LSS) Dear valued Customers, f ollowing previous notices related to IMO 2020 Low Sulphur Regulation, all ships must compulsory burn bunker with Sulphur content equal to 0,5%, with relevant cost negative impact for the shipping industry worldwide. 30 April 2020. The actual surcharge amount is dependent on the trade lane. Maersk, Hapag-Lloyd, CMA CGM and MSC have announced separate IMO 2020 surcharges. Low Sulphur Surcharge, Marine Fuel Recovery, IMO 2020 Transition Charge oder Fuel Cost Recovery und kann je nach Reederei und aktueller Treibstoffpreise monatlich oder vierteljährlich variieren. The two largest container trades are Asia-U.S. and Asia-Europe. Dadurch sollen die gesundheits- und umweltgefährdenden Auswirkungen von Schiffen verringert werden. The IMO2020 regulations stand for the transition of environmentally aware low sulphur fuel. IMO 2020- Surcharge Explained 28th November 2019 / in Frontpage Article, Images, News, Uncategorised / by Daniel Walker. IMO 2020 Surcharge; IMO 2020 Surcharge. This is 487 or -1.9 % less than in the previous year. The IMO 2020 Fuel Surcharge is coming. 21 Oct 2019. If higher fuel costs are being passed along, the index levels should have … Yang Ming announce IMO2020 surcharge. CMA CGM will be fully compliant as of January 1st, 2020 and has decided: All these measures represent a major additional cost. Registers a unique ID that is used to generate statistical data on how the visitor uses the website. Congestion surcharge national 2% Congestion surcharge international 1% Congestion table 2020 by using Liquefied Natural Gas to power some of its future container ships (20 ships by 2022, including 9 vessels of 23,000-TEUs), notably resulting in a 99% reduction in sulphur oxides and fine particles emissions. At the end of the chain, these surcharges and additional costs being implemented for compliance with IMO 2020 will be passed on from the service providers to the carriers to the shipper to the buyer and eventually to you and me as Joe Public in the cost of the products we buy..! According to Eytan Buchman, chief marketing officer of Freightos, “Prices are rebounding, with several lanes surpassing November highs. Please see full statement here. The International Maritime Organisation (IMO) has ruled that from 1 January 2020, marine sector emissions in international waters be slashed. OOCL’s Bunker Recovery Approach Currently, all ocean-going vessels are required to use marine fuel with a Sulphur content of no more than 0.5% (from 3.5%) in order to comply with the IMO 2020 requirement effective as of January, 2020. Chief among the supply drivers is the start of low-sulfur fuel oil or scrubber installation costs being passed on to shippers ahead of the IMO fuel-regulation rollout.”. Surcharge Name New Bunker Charge (IMO 2020) Code Coverage NCP, MED to USEC, Gulf Central America, Canada EC USEC, Gulf, Central America, Canada CC to NCP, MED NCP to USWC, South canada WC USWC, south America, canada WC to NCR Trade TAWB, EULA TAEB, LAEU TAWB TAEB NCPW NCPE MEDW MEDE INEIJ MEDW MEDE INEIJ USD EUR 100 125 125 125 Reefer 144 180 135 In the China-to-Mediterranean lane (SONAR.FBXD.CMED), pricing increased 11%. APL, as part of the CMA CGM Group, has introduced a Low Sulphur Surcharge (LSS) since 1 December 2019 for short-term contracts as a result of higher fuel-related costs in complying with the IMO 2020 Low Sulphur Regulation. Whilst the implementation date for IMO 2020 is January 1st 2020, we anticipate freight rates to increase as early as the end of the third quarter of 2019. Effective from January 1st, the new IMO (International Maritime Organization) 2020 Low Sulphur Regulation will come into force, requiring all sea-going vessels to comply and reduce sulphur emissions by 85%. 14 November, 2019. The same pattern holds true in the Asia-Europe market. While the surcharges all cover the additional cost of IMO 2020 compliant fuel, each carrier calls them by a different name. IMO 2020 “The main type of “bunker” oil for ships is heavy fuel oil, derived as a residue from crude oil distillation. News, Sea. Hapag-Lloyd will raise its low-sulfur surcharge for exports from China and Hong Kong on March 2 for 30 days following “strong price fluctuations” in the fuel price since the imposition of the IMO 2020 mandate on Jan. 1, the German container carrier said in a statement earlier this week. BAF Formula based on VLSFO 0.5% as of January 1st, 2020. © Copyright 2020, All Rights Reserved, FreightWaves, Inc, IMO 2020 fuel surcharges push container rates higher, Podcasts: FreightWaves FreightCasts Network, The Forum at FreightWaves LIVE (Fall 2019), FreightWaves announces Global Supply Chain Week virtual conference, Shipping IPO prospects slim as capital-market access plunges. OOCL Fleet Moves Forward to Meet IMO 2020 Regulation Over the years, the industry has seen an increasing amount of attention given to the environmental impact from the global supply chain, resulting in regulations on emissions control and environmental protection becoming more stringent and widespread across the world. Necessary cookies enable core functionality. The stricter IMO emissions regulation will significantly improve the ecological footprint of the shipping industry. Posted . IMO 2020 Low Sulphur Surcharge (LSS) Effective 1 March 2020. Dive Brief: ONE will implement a bunker surcharge on all new contracts beginning Jan. 1, 2019, "to be valid till further notice," to help offset the costs of preparing for the International Maritime Organization (IMO) 2020 sulfur regulations change, the shipping line said in an advisory. Since January 1st 2020, all seagoing vessels must reduce sulphur oxides by 85% due to the revised measures of the MARPOL Annex VI regulation, widely called IMO 2020. Editorial coverage Low Sulfur implementation surcharge ( LSS ) Effective 1 March.! Pass along new fuel costs to cargo shippers global Index fell sharply between late November and.! Addition to the requested destination reduction in the previous year an Interim IMO2020 as. Used fuels geest Line will implement an Interim IMO2020 surcharge as of voyage GL19049 applicable all. Surcharge Explained 28th November 2019 | in News | by Robert less in... 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