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.
The shipping company also informed that the surcharge may come back later as per its formula.4 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.
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