Japanese container line ONE is slapping extra bunker fees on Chinese and Taiwanese shipments.
The joint venture between NYK, MOL and K Line said it was making the move due to regulations requiring ships to use less than 0.5% sulphur fuel in the Taiwan and China emission control areas (ECAs) coming into force on 1 January, 2019.
For voyages from China to the US and Canada, it will add $15 per teu, while all trades from and into Taiwan will see an increase of $20 per teu.
Earlier this month it said it would implement a revised bunker surcharge mechanism a year ahead of the IMO 2020 sulphur regulations deadline.
The Japanese containership giant has described its new ONE bunker surcharge (OBS) as “more appropriate to the revised cost scenario”.
The new OBS will apply on all new contracts which commence on 1st January 2019 and to be valid till further notice, ONE said.
Existing contracts will still be subject to the previous bunker adjustment factor (BAF) mechanism and remain so until their expiry.
The calculation for the new OBS will be based on the fuel price multiplied by the trade wise loading factor multiplied by the trade imbalance.
