Monday , 26 August 2019
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MSC introduces bunker surcharge

Swiss carrier MSC has introduced a worldwide temporary emergency bunker surcharge on all ocean and land-based cargo to offset a continued surge in bunker prices.

Fuel prices are by more than 30% this year, and up by 70% since June, 2017, with prices in Europe exceeding  US$441 per metric tonne. The price of a barrel of crude oil is currently around US$80.

MSC said: “The situation is no longer sustainable without emergency action.

“This last-resort measure is essential to ensure that we navigate these challenging economic conditions in a steady and sustainable way and continue to provide a high quality of service to all our customers.”