CMA CGM adds $200 per TEU peak surcharge for July as rates soar
- CMA CGM will apply a $200 per TEU peak surcharge to shipments along the Asia to Northern Europe route and transpacific route, the carrier announced Monday.
- The surcharge on dry cargo and paying empties will go into effect July 1 and will not go beyond July 31, according to the carrier.
- The announcement comes as rates are rising along the Asia to Northern Europe route (up 12% since May 29) and transpacific route (up 32% since May 29), according to Freightos.
Additionally the hometown port (and CMA CGM's world HQ) going all in on LNG as a bunker fuel:
Port News Russia 2020 June 22 14:26
The port of Marseille Fos and SGMF encourage the use of LNG as primary marine fuel
With a second bunkering operation completed on 15 June, the Port of Marseille Fos demonstrates its commitment to liquefied natural gas (LNG) and its aim of achieving environmental excellence, the port said in its release. The Port of Marseille Fos, a member of the Society for Gas as a Marine Fuel (SGMF), is seeking to promote LNG and become the LNG hub for the Mediterranean.
After a first liquefied natural gas ship-to-ship bunkering operation in early May, the Port of Marseille Fos, Costa and Shell repeated the operation on 15June. With this highly successful second bunkering operation, the Port of Marseille Fos demonstrates its expertise in the field and is positioning itself to be able to develop this type of refuelling operation.
The Port of Marseille Fos has notably contributed to the working groups led by SGMF, alongside LNG operators, in order to introduce all the safety conditions that meet European and global standards in this regard. The responsiveness of the Port and the commitment of all the players in the port community (mooring, pilots, tugs, terminals, harbour master's office and fire fighters) in successfully completing these operations is a positive sign for the future of the LNG sector.
LNG is a clean alternative energy that limits the impact of emissions from ships. Non-toxic and noncorrosive, it makes it possible to eliminate almost all sulphur and particulate emissions, and reduce both nitrogen oxide emissions by more than 80% and carbon dioxide emissions by up to 25% compared with current marine fuels.....MORE
Under the guidance of SGMF, the Port and sector stakeholders, the energy transition to LNG is becoming a reality. Today, SGMF has identified 185 LNG-powered ships in operation worldwide and 213 LNG ships on order....
Which is convenient as can be, considering that of all the major container lines CMA CGM has placed the largest bet on LNG as fuel.
Way back in 2018 we were posting:
Shipping: "Why CMA CGM ordered 'game changing' 22,000 TEU LNG-powered containerships"
I wasn't sure if construction had started on the nine-ship order CMA CGM placed last year with China State Shipbuilding Corporation (it has, see below) and saw this, from Seatrade Maritime News, April 30:...The ships were then reconfigured to be able to haul 23,000 TEU'.
In 2019:
Shipping: "CMA CGM Leads Container Lines in Switch to LNG Fuel"
What CMA CGM is doing is really gutsy and if things work as planned, the January post "Shipping: CMA CGM May Be Building A Big Fuel Price Advantage" comes to fruition and the French mega-carrier has created quite the competitive advantage for itself....
And quite a few others along the way.
