Maersk to increase bunker surcharge - what idiots!

This is just unbelievable.

Maersk is increasing bunker surcharges on a couple of trade lanes.

Maersk Line plans to raise bunker surcharges imposed earlier on cargo moving on its services from the West Coast of South America to the Middle East and the Indian Subcontinent.

Effective April 1, the surcharges will be $270 per TEU and $540 per FEU, up from $250 and $500 levied at present, the carrier said in an advisory to the trade.

In a separate notice, the Danish carrier said it plans to implement a similar increase for the trade from Central America and the Caribbean to the Middle East and South Asia, also effective April 1.

The revised surcharges will be $500 per TEU and $1,000 per FEU compared to $470 and $940 imposed earlier.

What in world could cause them to justify this??? I guess it's because they can't get any of their rate increases to stick, so they decided to try this route. Maybe they haven't yet figured out that supply/demand thing.

They won't be increasing the BS in their services to or from Australia, because the authorities there require justification for surcharges.

I guess Maersk thinks their customers are stupid. These bunker surcharges really are BS.