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.”