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Shipper MSC introduces emergency fuel surcharge

Shipping company MSC announced on Saturday that it would implement a fuel surcharge for all cargo from the Mediterranean (including West Mediterranean and Adriatic Sea, East Mediterranean and Greece) and Black Sea, to the Indian Subcontinent, the Red Sea and East Africa. This will be effective March 16, 2019.

The surcharge was set at $30 per twenty-foot equivalent unit for dry containers and $50 per TEU refrigerated containers from the Mediterranean, Black Sea and Red Sea.

The world's largest ocean container carrier said that dry containers traveling from the Mediterranean, Black Sea, and East Africa would be charged at $60 per TEU. Refrigerated containers, however, will be charged at $90.

MSC will also charge a surcharge for dry containers of $40 per TEU from the Mediterranean Sea and Black Sea, to the Indian subcontinent. For refrigerated containers the surcharge is $60 per TEU. (Reporting by Chandni Shah in Bengaluru. Mark Potter edited the article.

(source: Reuters)