EUF’s commercial director Mel Pipe, has been closely following the news that shipping giant Mediterranean Shipping Company (MSC) have imposed a temporary bunker surcharge with immediate effect.
The container shipping line is introducing the worldwide surcharge on all ocean and land-based cargo carriage immediately, as it battles a sharp jump in fuel prices.
Mel commented “The problem is crude oil is hovering around $80 a barrel, which is up almost 70% since last June, and obviously this situation isn’t sustainable without taking some kind of emergency action”.
He continued “However, we will continue to carry on monitoring the market and will communicate with our customers as soon as we are clear of the knock-on effect to them, if any”.
Read more about this on Lloyd’s Loading List