ONE Expands LSF Surcharge in China

Containership ONE AguilaImage Courtesy: ONE

Ocean Network Express (ONE) has unveiled a further expansion to the low sulphur fuel (LSF) surcharge implementation in China.

The company said that the decision was made “due to expansion of regulation scope requiring ships to use less than 0.5% sulphur fuel in the China ECA designated areas.”

As a consequence of the regulation and changed circumstances, ONE would implement the USD 15 per TEU surcharge for import and export cargo for China, Hong Kong and Macau. The implementation dates were set at March 1, 2019 for Asia, US and Canada, and for February 15, 2019 for all other trades.

The company previously announced the LSF surcharge implementation date for all China export cargoes shipping via Shanghai & Ningbo & Nanjing as from January 1, 2019. In mid-December, ONE expanded the surcharge in Taiwan and China, which was set to enter into force on January 1 and January 15.

“ONE continues to explore all avenues available to mitigate fuel consumption and fuel associated costs for the benefit of the global environment and the supply chain costs,” the company concluded.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >