18.7 C
Tuesday, August 4, 2020
Home Freight News Yang Ming, Low Sulphur Surcharge

Yang Ming, Low Sulphur Surcharge

As you may know, in order to have a very positive impact on the environment, the International Maritime Organization (IMO) will enforce a new 0.5% global sulphur cap on fuel content from 1 January 2020, lowering from the present 3.5% limit.

For the environmental protection, China has announced their steps to its ECA (Emission Control Area) timeline on 01 October 2018 for shipment exporting from/imported to Shanghai, Ningbo and Yangtze River, China.

Yang Ming fully supports the regulations.

Due to the compliance in new regulation, it's expected the fuel cost will increase tremendously, the low sulphur surcharge shall be certainly introduced for the additional cost recovery.

Find YM's Low Sulphur Surcharge details as following :

- Charge name: Low Sulphur Surcharge

- Charge code: LR

- Effective date: 12 November, 2018 (on board date)

- Applicable coverage: shipments exported from/ imported to Shanghai, Ningbo and Yangtze River, China

- Applicable trade: Asia, Australia, South/ Central America (except Taiwan- China cross-strait)

- Pay term: collect at China

- Rate: USD16/teu


- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

FMC monitors lines as SCFI breaks US$3,000 bar

Aggressive capacity management by carriers, currently being monitored by the Federal Maritime Commission (FMC), has pushed the US west coast Shanghai Containerized Freight Index...

Mexican container traffic slumps in H1 2020

Container traffic in Mexican ports declined by 11.1% in the first six months of the year as the country battled with the economic fallout...

Ningbo-Zhoushan takes majority stake in Yangtze River terminal

Ningbo-Zhoushan Port has become the largest shareholder of Jiangyin Sunan International Container Terminal as it targets throughput growth. China’s busiest port and the second busiest...

South Carolina terminals brace for Tropical Storm Isaias

South Carolina ports have imposed restrictions on operations starting tomorrow, as they brace themselves for the arrival of Tropical Storm Isaias. Terminal work will begin...

Two crew on Hapag-Lloyd vessels test positive for Coronavirus

Crew aboard two South African services operated by the German carrier Hapag-Lloyd have tested positive for Covid-19, with the ships now at anchorage the...