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MSC will introduce an emergency fuel surcharge for all cargoes from Northern Europe to the Red Sea and East Africa

The shipping company MSC announced on Thursday that it would implement a fuel surcharge for 'all cargo' from Northern Europe (including UK, Scandinavian and Baltic) to the Red Sea and East Africa. This will be effective March 16, 2019.

MSC will charge $40 per twenty-foot equivalent (TEU), from Northern Europe, including the UK to the Red Sea for dry containers and $60 for refrigerated ones.

The world's largest ocean container carrier said that dry containers from Northern Europe (including the UK) to East Africa would be charged at $65 per TEU while refrigerated ones would be charged at $100 per TEU.

MSC will also charge $50 per TEU to transport dry containers from the Scanbaltic region into the Red Sea, and $75 for refrigerated ones. The rate would be $75 for dry containers and $120 for refrigerated ones from the Scanbaltic area to East Africa. Reporting by Kanjyik?Ghosh from Barcelona. (Editing by Jane Merriman.

(source: Reuters)