Transpacific Westbound Market Update
June 29th, 2018
To Our Valued Customers:
The price of ocean carrier bunker fuel has been increasing steadily for the past year. In an effort to recoup these costs, the ocean carriers have announced an Emergency Bunker Fuel Surcharge that will go into effect on July 1st.
The amount of the Emergency Bunker Fuel Surcharge is different per carrier and will range in amounts by the below:
20’ - $ 25.00 to $ 60.00
40’ - $ 50.00 to $ 120.00
Ocean carriers have advised they will monitor this surcharge on a monthly basis and increase or decrease the surcharge based on the cost of bunker fuel.
Our #1 priority as always is to help maintain our customers’ competitiveness, to keep your cargo flowing as quickly and as consistently as possible, and to continue to communicate effectively along the way. Our nimbleness, market awareness, and “Built Different” philosophy enable us to do this - as your partner.
Thank you very much for all your support.
Have the News Delivered to you
Like what you see here? Why not let us send it directly to you?
Sign up to receive our Weekly Industry Newsletter, a compilation of all news articles that matter to you and your business.