ZIM Integrated Shipping Services announced emergency bunker

6/30/2009 10:12:43 AM

ZIM Integrated Shipping Services Ltd. said it would charge a US$75 per TEU emergency bunker fee on all westbound shipments from Asia and the Indian Subcontinent to northern Europe, the Mediterranean and the Black Sea.   The surcharge will go into effect on July 1 and applies to all shipments where the bunker adjustment factor is included in the rate or fixed.   A press release issued by the company noted that “Shipments where the BAF is separated and floating will not be affected by the emergency bunker surcharge”.   ZIM Integrated Shipping Services said in the press release that the emergency surcharge would be reviewed monthly and was predicated by rising bunker fuel prices, which have topped $400 per ton in recent days after dropping below $200 per ton earlier in 2009.   Port2Port

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