Hapag-Lloyd sets low-sulfur NA fuel charge

Markets

Monday, August 06, 2012

Hapag-Lloyd will introduce and revise its low-sulfur fuel charge, effective Sept. 3, for its transatlantic services to account for an emissions control area (ECA) off the coast of North America that went into effect on Aug. 1. The German shipping company already had a low-sulfur charge of $11 per TEU for ships calling North Europe where there has been an ECA in the Baltic Sea since 2006 and North Sea since 2007. With the creation of an ECA off the coast of t...

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