MSC increases raft of seasonal rates and surcharges worldwide

THE Mediterranean Shipping Co (MSC) transpacific bunker formula has triggered an upward bunker adjustment for the fourth quarter, with Bunker Adjustment Factor (BAF) levels rising, reports the American Journal of Transportation.

Nonetheless, the Low Sulphur Fuel Contribution (LSC) shall remain at previous levels, said the report.

MSC also announced that bunker adjustment comes with a general rate increase of US$480 per TEU, $600 per FEU, $675 per FEU high cube and $760 per 45-footer effective October 1.

Also effective October 1, the following surcharges and increases shall also apply. Bunker Adjustment Factor (BAF). For cargo discharging at a US or Canadian west coast ports will be US$367 per TEU, $408 per FEU, and $517 per 45-footer.

For cargo discharging at a US or Canadian east and Gulf Coast ports, charges will be $689 per TEU, $765 per FEU and' $968 per 45-footer.

The above amounts apply to all equipment types. Then comes the Low Sulphur Contribution for cargo discharging at a US or Canadian west coast ports at $30 per TEU, $33 per FEU and $42 per 45-footer.

For cargo discharging at a US or Canadian east and Gulf Coast ports: $29 per TEU, $32 per FEU and $41 per 45-footer.The above amounts apply to all equipment types.

"We would like to inform you that effective October 3rd 2018 the FAS (Fuel Additional Surcharge) from US and Puerto Rico to Indian subcontinent, Middle East and Red Sea will change as per below: Current FAS: $195/TEU and new FAS: $185/TEU," said MSC.

This will be applicable for all shipments from US ports & Puerto Rico to: Red Sea (Yemen, Jordan, Djibouti, Saudi Arabia, Egypt (Sokhna), Sudan); Middle East (Bahrain, Kuwait, Oman, Qatar, United Arab Emirates, Iraq, Iran); Indian Subcontinent (India, Pakistan, Sri Lanka, Bangladesh, Maldives).