IMO 2020 Surcharge Summary – December 1st, 2019 UpdateIMO 2020 Surcharge Summary
- December 3, 2019
As referenced in our latest Freight Report, we are roughly 1 month away from the IMO 2020 effective date, which mandates that carriers must burn 0.5% very low sulfur fuel oil (VLSFO) or operate vessels with exhaust scrubbers to meet IMO 2020 emissions regulations.
In light of the above, carriers have begun implementing various surcharges as a means of maintaining profitability and recouping the costs associated with adherence to IMO 2020.
Please reference the following charts for a list of surcharges currently offered by carrier and alliance:
| Asia to U.S. West Coast Ports | ||||||
| Alliance | Carrier | Filed Charge | 20′ | 40′ | 40′ HC | 45′ HC |
| OA | APL | Low Sulfur Surcharge (LSS20) | $194 | $216 | $243 | $273 |
| OA | CMA CGM | Low Sulfur Surcharge (LSS20) | $194 | $216 | $216 | $273 |
| OA | COSCO | No Filing | ||||
| OA | Evergreen | IMO SOX Compliance Surcharge (ISOCC) | $173 | $192 | $216 | $243 |
| OA | OOCL | Fuel Recovery Charge | $380 | $475 | $534 | $601 |
| 2M | Hamburg Sud | Environmental Fuel Fee (EFF) | $169 | $188 | $188 | |
| 2M | Maersk | Environmental Fuel Fee (EFF) | $169 | $188 | $188 | $240 |
| 2M | MSC | No IMO, but will apply GFS | $68 | $136 | $136 | $172 |
| 2M | ZIM | No Filing | ||||
| THE | Hapag | IMO 2020 Transition Charge (ITC) | $130 | $260 | $260 | $260 |
| THE | ONE | No Filing | ||||
| THE | YML | No Filing | ||||
| Others | PIL | Low Sulphur Fuel Recovery (LSR) | $96 | $120 | $120 | |
| Others | SM Lines | New Bunker Surcharge | $146 | $172 | $193 | $217 |
| Asia to U.S. IPI/MLB via West Coast | ||||||
| Alliance | Carrier | Filed Charge | 20′ | 40′ | 40′ HC | 45′ HC |
| OA | APL | Low Sulfur Surcharge (LSS20) | $194 | $216 | $243 | $273 |
| OA | CMA CGM | Low Sulfur Surcharge (LSS20) | $194 | $216 | $216 | $273 |
| OA | COSCO | No Filing | ||||
| OA | Evergreen | IMO SOX Compliance Surcharge (ISOCC) | $173 | $192 | $216 | $243 |
| OA | OOCL | Fuel Recovery Charge | $653 | $725 | $816 | $918 |
| 2M | Hamburg Sud | Environmental Fuel Fee (EFF) | $169 | $188 | $188 | |
| 2M | Maersk | Environmental Fuel Fee (EFF) | $169 | $188 | $188 | $240 |
| 2M | MSC | No IMO, but will apply GFS | $68 | $136 | $136 | $172 |
| 2M | ZIM | No Filing | ||||
| THE | Hapag | IMO 2020 Transition Charge (ITC) | $130 | $260 | $260 | $260 |
| THE | ONE | No Filing | ||||
| THE | YML | No Filing | ||||
| Others | PIL | Low Sulphur Fuel Recovery (LSR) | $96 | $120 | $120 | |
| Others | SM Lines | New Bunker Surcharge | $146 | $172 | $193 | $217 |
| Asia to U.S. East Coast Ports | ||||||
| Alliance | Carrier | Filed Charge | 20′ | 40′ | 40′ HC | 45′ HC |
| OA | APL | Low Sulfur Surcharge (LSS20) | $317 | $352 | $396 | $446 |
| OA | CMA CGM | Low Sulfur Surcharge (LSS20) | $317 | $352 | $352 | $446 |
| OA | COSCO | No Filing | ||||
| OA | Evergreen | IMO SOX Compliance Surcharge (ISOCC) | $198 | $220 | $248 | $279 |
| OA | OOCL | Fuel Recovery Charge | $766 | $958 | $1,078 | $1,213 |
| 2M | Hamburg Sud | Environmental Fuel Fee (EFF) | $282 | $314 | $314 | |
| 2M | Maersk | Environmental Fuel Fee (EFF) | $282 | $314 | $314 | $395 |
| 2M | MSC | No IMO, but will apply GFS | $128 | $256 | $26 | $324 |
| 2M | ZIM | No Filing | ||||
| THE | Hapag | IMO 2020 Transition Charge (ITC) | $130 | $260 | $260 | $260 |
| THE | ONE | No Filing | ||||
| THE | YML | No Filing | ||||
| Others | PIL | Low Sulphur Fuel Recovery (LSR) | ||||
| Others | SM Lines | New Bunker Surcharge | ||||
Shapiro will continue to monitor the situation and provide updates as they become available.
