Hamburg Süd will apply surcharge for cleaner fuel use starting in December
Nov, 04, 2019 Posted by Sylvia SchandertWeek 201945
Hamburg Süd will apply additional charges to its customers for the use of cleaner fuel starting on December 1st.
The carrier noted, in a statement, that the Environmental Fuel Fee (EEF) will be applied as a result of the costs associated with the new fuel, which will be used to comply with IMO 2020 regulation, aimed at reducing sulfur emissions from fuels.
According to Hamburg Süd, the rates were calculated using the price difference between high sulfur content fuel and low sulfur content fuel.
The estimated difference is of US$193.08 per ton. In this regard, the carrier indicated that, until a reliable price index for fuels with a sulfur content of 0.5% is available, Hamburg Süd will have a 0.1% diesel rate deducted for US$50/ton.
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