About time.
Maersk Line announced plans to lower bunker surcharges imposed earlier on the trade from the Middle East and the Indian Sub-continent to the East Coast of South America.
Effective Feb. 1, the surcharges will be $55 per TEU and $110 per FEU compared with $80 and $160 at present, the Danish carrier stated in an advisory to the trade.
In a separate notice, Maersk said it plans to implement a similar reduction for cargo moving from the East Coast of South America to the Middle East and the Indian Sub-continent, also effective Feb. 1.
The revised charges will be $310 per TEU and $620 per TEU, down from $450 and $900 imposed earlier.
They would be better off getting rid of it in all of their trade lanes, as it must be a nightmare to correctly rate a bill of lading - which contracts it applies to, which ones it doesn't, etc. etc.
Furthermore, they look pretty stupid charging it now, considering today the WTI spot price is under 40.00.
I suspect this bunker adjustment factor is more than the ocean freight on some shipments. This kind of pricing severely reduces the credibility of the carriers.
Do they really think their customers are that stupid?
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