CMA CGM has announced that, ‘taking into consideration the current price of VLSFO’, the Low Sulphur Surcharge (LSS20) which it introduced on 1 December will not be applicable from 1 May.
However, the shipowner added the surcharge ‘may come back later as per our formula’.
CMA CGM was one of a number of a major shipping companies which introduce a surcharge to cover the increase in fuel-related costs associated with the implementation of the IMO 2020 regulation.
GLOBAL: CMA CGM introduces low sulphur fuel surcharge
