17.2 C
Hamburg
Thursday, May 28, 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

DP World teams up with blockchain platform

DP World, one of the largest ports and terminals operators of the world, has launched a process to join TradeLens, a blockchain-based digital container...

Ningbo-Zhoushan port jumps on postal trend

Ningbo-Zhoushan Port in China's Zhejiang province has teamed with China Post to create an express channel to facilitate the shipping of mail and parcels...

Major lines continue to update schedules and surcharges

Hapag-Lloyd has published an additional void sailing due to the low demand caused by the Covid-19 downturn, with THE Alliance's transatlantic AL1 cancelling the...

PIL confirms Temasek bailout discussions

Beleaguered Singaporean liner operator Pacific International Lines confirmed on 26 May 2020 that a unit of the Singapore government’s investment agency, Temasek Holdings, may...

ZIM enjoys stronger Q1 results amid the global pandemic

Despite the impact of the Covid-19 crisis on the shipping industry, ZIM has achieved a significant improvement in its first-quarter performance, compared to the...