• 2019 October 10 10:09

    CMA CGM to apply Low Sulphur Surcharge to comply with the IMO 2020 Low Sulphur Regulation

    From January 1st, 2020, the new IMO (International Maritime Organization) 2020 Low Sulphur Regulation will be in effect. All sea-going vessels worldwide will have to comply and reduce their sulphur emissions by 85%, CMA CGM said in its release.

    To comply with the Regulation, sulphur in fuel oil must be reduced from 3.50% to 0.50%, in addition to the 0.10% sulphur limit already effective in the Emission Control Areas (ECA). This aims to reduce the amount of sulphur oxide emissions and should have major health and environmental benefits globally, including improving air quality and reducing risks of acidification of the oceans.

    CMA CGM Group will be compliant with a mix of 3 solutions: using liquid natural gas-powered vessels, using advanced air quality systems onboard of vessels, and as the main solution, using compliant fuels with 0.50% or 0.10% sulphur.

    The new IMO 2020 Low Sulphur Regulation impacts the global shipping industry and shipping costs are set to increase worldwide. As the cost of the Very Low Sulphur Fuel Oil (VLSFO) is expected to be significantly higher than the present High Sulphur Fuel Oil (HSFO), CMA CGM will implement a new price reference for its short-term and long-term contracts.

    For short-term contracts of validity 3 months or shorter, a new monthly charge – Low Sulphur Surcharge (LSS) – will be applied on top of CMA CGM’s ocean freight charges, effective 1 December 2019.

    For long-term contracts of more than 3 months’ validity, VLSFO will replace HSFO as the price reference for the quarterly Bunker Adjustment Factor (BAF), effective 1 January 2020. The BAF is applied on top of the ocean freight charges and will still be revised on a quarterly basis with a one-month notice. The BAF quantum for reefer cargo will be 20% higher than that of dry cargo for the same container size, with a minimum of USD25/TEU.




2020 February 16

16:15 Two new oceanographic vessels will join the NOAA fleet
15:13 TenneT develops first 2GW offshore grid connection with suppliers
14:52 USCG issues Captain of the Port Orders to Bouchard Transportation Vessels
13:12 Siemens builds Germany’s largest “power outlet” for ships for Port of Kiel
12:34 Naval Group presents its industrial and academic cooperation plan with Greece
11:16 MARAD announces more than $280 million in grants for US coastal seaports

2020 February 15

14:51 Holland Shipyards holds keel-laying ceremony for new electrict ferry
13:27 USCG takes delivery of Cutter Edgar Culbertson
12:43 Virgin Voyages celebrates delivery of Scarlet Lady
11:15 European Commission working visit in the context of Military Mobility

2020 February 14

18:37 OOCL updates Trans-Pacific services
18:07 Canada plans to support ban on heavy fuel oil in Arctic shipping
17:49 Rates of transport security dues approved for Rosmorport’s Azov-Black Sea Basin
17:26 Reconstruction of the historic FG levee completed at the Port of Riga
17:05 Vado Gateway terminal commences operations
16:51 Commissioning ceremony of Offshore Patrol Vessel PNS YARMOOK
16:35 PIL to exit Transpacific market to focus on North-South trade
16:08 Keel of Wasaline’s new ferry was laid at Rauma shipyard
15:44 Rauma Marine Constructions to partner with Aalto University looking to cut emissions and increase safety in seafaring
15:19 Nauticor, Fassmer start LNG cooperation with Atair bunkering
14:21 Global Ports launches Ust-Luga – Moscow rail container service
13:57 Zvezda shipyard starts building yet another Aframax tanker for Rosnefteflot
13:35 Port of Ipswich celebrates tonnage-handling record for largest independent producer of sand and gravel in the UK
13:12 Finnlines invests in highest passenger comfort and orders two eco-friendly Superstar vessels
12:50 Finnlines strengthens its North Sea services as from week 8, 2020
12:26 Supervisory board of KN approves company's corporate strategy until 2030
12:03 Hapag-Lloyd announces rates from Mediterranean to Far East
11:48 Throughput of Klaipėda Port in Jan'20 exceeds that of Latvia’s ports for the first time in the history
11:30 CMA CGM announces FAK rates for reefers from North Europe, Baltic, Scandinavia, Poland & West Med to Asia
11:09 Fincantieri presents “Scarlet Lady” in Genoa Sestri Ponente
10:54 Klaipėda Port’s canal to be deepened to 15 meters
10:30 CMA CGM announces FAK rates for reefers from East Med & Black Sea to Asia
10:27 MABUX: Bunker market this morning, Feb 14
10:09 PCC Intermodal marks 10 years of work in the Port of Hamburg
09:55 Brent Crude futures price is down 0.05% to $56.31, Light Sweet Crude – up 0.06% to $51.45
09:41 Bunker prices are slightly down at the port of Saint-Petersburg, Russia
09:18 Baltic Dry Index is flat at 421 points
09:00 Port of Long Beach сargo volume down 4.6% to 626,829 TEU in January 2020

2020 February 13

18:30 Korean Register launches new apps and online service for customers
18:06 PSA Marine announces acquisition of Tramarsa Flota
17:52 Vice Admiral Kulakov, RF Navy’s large anti-submarine ship, returns to Severomorsk
17:35 Hapag-Lloyd announces rates from Middle East to North Europe and Mediterranean
17:19 Port of Ventspils (Latvia) handled 20.46 million tonnes in January 2020, up 0.8% YoY
17:05 APM Terminals Poti formally restarts port expansion permit process
16:58 MSC confirms long-standing commitment to reducing CO2 emissions
16:55 Scorpio Bulkers announces sale and leaseback agreements for three dry bulk vessels
16:43 MSC announces cooperation agreement with SM Line
16:40 DP World agrees to acquire a majority stake in TIS container terminal in the Port of Yuzhny, Ukraine
16:37 European Union prepares to provide a subsidy for a project to store CO₂ from industry in Antwerp, Ghent, Zeeland and Rotterdam
16:20 Port of Klaipeda (Lithuania) handled 3.4 million tonnes of cargo in January 2020, down 15% Y-o-Y
16:05 Floatel and Prosafe discontinue merger agreement
15:36 Damen to supply five coastal ferries to Zanzibar Government
15:31 IDF provides Vyborg Shipyard with RUB 700 million loan for construction of trawlers and crab catchers
15:17 Port of Rotterdam throughput amounted to 469.4 million tonnes in 2019
15:08 HHLA container throughput up 3.3 percent to 7.6 million TEU
14:37 Port of Helsinki throughput in January 2019 grew by 8.8% to 1.2 million tonnes (table)
14:03 Tolbukhin tugboat joins fleet of Rosmorport’s North-Western Basin Branch
13:42 Cruise Baltic becomes the first paper-free cruise network
13:26 North-Western Basin Branch of Rosmorport expands its fleet with Taifun-1000K airboat
12:44 Bunker market sees mixed price movements at the Far East ports of Russia (graph)