01NOV2019 - NEWS - Hapag-Lloyd adds new spot sulphur cap charge

German containerline Hapag-Lloyd has added an extra layer of costs for clients with the sulphur cap just two months away.

Hapag-Lloyd had already introduced its Marine Fuel Recovery (MFR) mechanism nine months ago, a fee aimed at cargoes contracted for long- and medium-term periods.

To cover all FAK cargo, spot and Quick Quotes business, a supplementary element has now been applied in addition to the MFR, in order to recover the fuel spread between HSFO 3.5% and LSFO 0.5% as well as operational transition costs that are not part of the MFR calculation. Quick Quotes is the Hamburg line’s new online booking system.

From December 1, Hapag-Lloyd will introduce an IMO 2020 Transition Charge (ITC), valid until further notice, with customers now being charged an extra $135 per teu on Asia-Europe, $130 on the transpacific and $80 on intra-Asia trades.