CMA CGM, new FAK rates

Please find the new applicable CMA CGM Freight All Kinds (FAK) rates(*) as follows as from November 1st, 2018 (date of loading in the origin ports) and until further notice:

Below are the FAK rates for a sample list of corridors, commodities and container types where the rate increase is effective. Other port pairs, commodities and container types which have not been listed here-in may also be subject to increase.

These new FAK rates will apply as follows:

  • Origin Range: From West Med, East...

http://container-news.com/cma-cgm-new-fak-rates/

Hapag Lloyd to implement Marine Fuel Recovery mechanism

Ahead of the 2020 sulphur cap, Hapag Lloyd said that using low-sulphur fuel oil will be the key solution for the company to remain compliant. This fuel however, comes with an increase in fuel costs, something that made Hapag Lloyd establish a Marine Fuel Recovery (MFR) mechanism. This will be gradually implemented from 1 January 2019 and replace all existing fuel-related charges.

Hapag-Lloyd estimates its additional costs to be around 1 billion US dollars in the first years. For this reason it...

https://safety4sea.com/hapag-lloyd-to-implement-marine-fuel-recovery-mechanism/

Hapag-Lloyd trasladará también a los clientes los nuevos costes del combustible

Hapag-Lloyd establecerá un mecanismo para trasladar a sus clientes el coste asociado a la nueva regulación de emisiones que la Organización Marítima Internacional (OMI) pondrá en marcha en 2020. La naviera alemana ha informado este lunes que adoptará este nuevo parámetro a partir del 1 de enero de...

http://elvigia.com/hapag-lloyd-trasladara-tambien-a-los-clientes-los-nuevos-costes-del-combustible/

CMA CGM, Emergency Congestion Surcharge

Port congestion at Lagos ports, Nigeria, is currently increasing CMA CGM’s operational costs and generating severe service disruption for several weeks.

CMA CGM will therefore implement the following Emergency Congestion Surcharge on Lagos import cargo:

Effective October 15th, 2018 (B/L date) for non-FMC trades and November 5th, 2018 (B/L date) for FMC trades:

From worldwide to Apapa and Tincan, Nigeria

All cargo dry, reefer, OOG and breakbulk

Prepaid and paid in addition to the ocean freight

USD...

http://container-news.com/cma-cgm-emergency-congestion-surcharge/

Call for proposals 2018 of the CMA CGM

Call for proposals 2018 of the CMA CGM Corporate Foundation: 16 associations and 8,000 children supported as part of the theme « Promoting equal opportunities for children from disadvantaged backgrounds »

The CMA CGM Corporate Foundation is pleased to announce the name of the associations that will be rewarded following its 2018 call for proposals on the theme “Promoting equal opportunities for children from disadvantaged backgrounds”.

This year, 16 French and Lebanese associations were selected,...

http://container-news.com/call-proposals-2018-cma-cgm/

Box carriers sail towards a tipping point of ocean freight rates and fuel

The bellwether Shanghai Container Freight Index (SCFI) did not publish today, due to the national holiday in China, but current sentiment suggests that ocean carriers will find their rates under pressure following the Golden Week break.
Last month, the Asia to North Europe component of the SCFI shed 21% to $735 per teu, while for Mediterranean ports there was a smaller decline of 15% to $767 per teu.
Anecdotal reports from The Loadstar’s …

The post Box carriers sail towards a tipping point of...

https://theloadstar.co.uk/box-carriers-sail-towards-tipping-point-ocean-freight-rates-fuel/

CMA CGM replaces Ceva CFO Peter Waller with deal-broker Serge Corbel

And so it begins. The influence of CMA CGM over Ceva Logistics is starting with the news that Peter Waller, Ceva’s chief financial officer, is out. He will be replaced by CMA CGM deal-maker Serge Corbel (pictured).
It could herald the start of something else at Ceva, which has been longing for a little M&A activity.
Mr Corbel, as the company states, has been one of the “key financial architects of the growth …

The post CMA CGM replaces Ceva CFO Peter Waller with deal-broker Serge Corbel appeared...

https://theloadstar.co.uk/cma-cgm-replaces-ceva-cfo-peter-waller-deal-broker-serge-corbel/

CMA CGM may incur about US$1.5b

CMA CGM may potentially incur US$1.5 billion to comply with a green shipping regulation that will cap sulphur content in marine fuels.

This is based on an extrapolation of CMA CGM’s share of some US$15 billion in estimated exposure, one industry publication said. The container shipping segment may sustain from the implementation of the International Maritime Organization’s (IMO’s) 2020 global sulphur cap, APL’s chief executive, Nicolas Sartini, said at SIBCON 2018 (Singapore International...

http://container-news.com/cma-cgm-incur-us-1-5b/