CMA CGM-owned container line APL has revealed its new fuel surcharges for the second quarter.
From 1 April, the bunker adjustment factor (BAF) will add $160 per teu from the US east coast to Central America, the Caribbean and west coast South America, with $260 applying from the west coast.
Asia to Latin America boxes will attract a $260 per teu fee, while the west coast South America to Persian Gulf and Red Sea trade will have to absorb another $280 per teu.
APL said IFO 380 remains the reference fuel oil for the second quarter, but from the second half, it will start bunkering with the new low-sulphur fuel oil (LSFO).
"Corresponding adjustments to the reference fuel and applicable index will accordingly be determined and announced in due course," it said.
It had already announced a BAF from 1 January this year as a result of big price fluctuations and impending IMO 2020 legislation.
This was calculated at as much as $357.50 per teu from Asia to Latin American ports if bunker costs hit between $526 and $550 per ton.
