Emergency Bunker Surcharge (EBS) – Scope World to World

Published on 23 May 2018

Dear customer, 

The increase in bunker price in 2018 has been significantly higher than what had been expected and has now reached a level of 440 USD/ton in Europe, the highest since 2014. The increase is more than 20% compared to the beginning of 2018 and this unexpected development means that it is no longer possible for us to recover bunker costs through the standard bunker adjustment factors. 

Due to the unsustainable nature of the situation, Maersk Line has decided to introduce an Emergency Bunker Surcharge (EBS) as a necessary action to ensure a continued sustainable service to our customers. 

EBS will be applicable to all cargo globally, effective 1st June 2018 for non-FMC corridors and 1st July 2018 for FMC corridors. 1,2 

The surcharge tariffs are as follows: 

Currency DRY REEF
20' 40' 45' 20' 40' 45'
USD 60 120 120 90 180 180
EUR 50 100 100 75 150 150
GBP 45 90 90 65 130 130

 

Tariff adjustment mechanism:

The EBS tariff communicated above is based on a bunker price of USD 440 (IFO380 in Rotterdam). EBS tariff is subject to change as per below trigger events:

  • Should the bunker price (IFO380 in Rotterdam) increase to a level of USD 530, EBS tariffs will be multiplied by a factor of 2.0. 
  • Should the bunker price (IFO380 in Rotterdam) decrease to a level of USD 370, EBS tariffs will be zero.

For your reference, we have also included the levels and the rate structure for some sample corridors to/from Europe valid from today until further notice. These charges may be changed in the future and we will notify you accordingly.

Origin Destination OF OHC
20 DRY 40 DRY 40 HC 45 HC 20 REEF 40 HREEF 20 Specia 40 Specia 20 DRY 40 DRY 40 HC 45 HC 20 REEF 40 HREEF 20 Specia 40 Specia
Rotterdam Shanghai 680 USD 850 USD 850 USD 1350 USD 1860 USD 2400 USD 680 USD 850 USD Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive
Shanghai Algeciras 1100 USD 2100 USD 2100 USD 2600 USD 1170 USD 1450 USD 1100 USD 2100 USD 625 CNY 980 CNY 980 CNY 1380 CNY 785 CNY 1185 CNY 785 CNY 1185 CNY
Origin Destination DHC SBF
20 DRY 40 DRY 40 HC 45 HC 20 REEF 40 HREEF 20 Specia 40 Specia 20 DRY 40 DRY 40 HC 45 HC 20 REEF 40 HREEF 20 Specia 40 Specia
Rotterdam Shanghai 625 CNY 980 CNY 980 CNY 1380 CNY 785 CNY 1185 CNY 785 CNY 1185 CNY Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive
Shanghai Algeciras 212 EUR 212 EUR 212 EUR 212 EUR 310 EUR 310 EUR 212 EUR 212 EUR Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive
Origin Destination ERS LSS
20 DRY 40 DRY 40 HC 45 HC 20 REEF 40 HREEF 20 Specia 40 Specia 20 DRY 40 DRY 40 HC 45 HC 20 REEF 40 HREEF 20 Specia 40 Specia
Rotterdam Shanghai Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive 20 USD 40 USD 40 USD 40 USD 20 USD 40 USD 20 USD 40 USD
Shanghai Algeciras Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive Inclusive n/a n/a n/a n/a n/a n/a n/a n/a
Origin Destination PSS
20 DRY 40 DRY 40 HC 45 HC 20 REEF 40 HREEF 20 Specia 40 Specia
Rotterdam Shanghai 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD
Shanghai Algeciras 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD

  • The above rates are also subject to other applicable surcharges, including local charges and contingency charges.
  • The above surcharge acronyms mean: OF (Ocean Freight), OHC (Origin Terminal Handling Charge), DHC (Destination Terminal Handling Charge), ERS (Emergency Risk Surcharge), SBF (Standard Bunker Adjustment Factor), LSS (Low Sulphur Surcharge) and PSS (Peak Season Surcharge).
  • These rates are unaffected by, and do not affect, any tariff notified, published or filed in accordance with local regulatory requirements.
  • For trades subject to the US Shipping Act or the China Maritime Regulations, quotations or surcharges that vary from the Maersk Line tariff shall not be binding on Maersk Line unless included in a service contract or service contract amendment that has been filed with the Federal Maritime Commission (FMC) or the Shanghai Shipping Exchange, as applicable.

We would like to take this opportunity to thank you for doing business with us. As the world’s leading shipping company, we strive to be your reliable shipping partner, propelling your business forward and supporting your growth ambitions.

If you have any questions, please feel free to reach out to your local sales or customer service representative. You will find contact details of our local offices on maerskline.com.

If you wish to place a booking you can always visit my.maerskline.com.

Sincerely,

Maersk Line

Category: Advisories