CMA CGM scraps low sulphur surcharge as VLSFO prices fall
August 4, 2020: In a notice to customers CMA CGM informed that it is scrapping its low sulphur surcharge from September 1, 2020, taking into consideration the current price of VLSFO.
BY Our Correspondent4 Aug 2020 6:45 AM GMT

X
Our Correspondent4 Aug 2020 6:45 AM GMT
August 4, 2020: In a notice to customers CMA CGM informed that it is scrapping its low sulphur surcharge from September 1, 2020, due to the falling price of Very Low Sulphur Fuel Oil (VLSFO).
The shipping company also informed that the surcharge may come back later as per its formula.
CMA CGM has introduced a low sulphur surcharge (LSS20) effective December 1, 2019, to cover the increase in fuel-related costs associated with the implementation of the IMO 2020 regulation.
Next Story
Govt clears way for Pradhaan Air Express to take off
6 July 2022 4:37 PM GMT8 malfunction incidents in 18 days, DGCA issues showcause notice to...
6 July 2022 11:36 AM GMTAPM Terminals rejigs operations to 3 zones, appoints regional MDs
6 July 2022 9:55 AM GMTAD Ports Group, SEG sign deals for infra development in Uzbekistan
6 July 2022 8:31 AM GMTU.S ports most expensive on D&D charges: Container xChange
6 July 2022 7:34 AM GMTSurat-based startup EVIFY raises INR 80 Lakh to accelerate EV...
5 July 2022 11:41 AM GMTDHL Aviation Bahrain starts 6 weekly freighter flights to Delhi
5 July 2022 10:30 AM GMT