Tag: shipping costs rise

Changes to marine fuel regulations will increase the cost of all shipping – including shipping vehicles from Japan to Australia – from the 1st January 2020. This is expected to increase the shipping cost by about $150 AUD per vehicle. Below details are provided courtesy of Dolphin Shipping and the International Marine Organisation (IMO). The IMO is implementing a new regulation (IMO20...

Shipping lines have implemented an “emergency bunker surcharge” this month in response to a rapid surge in fuel prices. According to a local customer advisory issued by Mediterranean Shipping Company (MSC) last week, fuel prices have risen by over 30% this year and almost 70% since last June, with the cost in Europe exceeding US$442 per metric tonne. “With crude oil today hoverin...