FMC: Emergency fuel surcharges cannot be added arbitrarily

robot
Abstract generation in progress

Last week, Laura DiBella, Chair of the U.S. Federal Maritime Commission (FMC), issued a personal statement rejecting some shipowners’ requests to exempt the American-line Emergency Bunker Surcharges (EBS/EFS) from a 30-day advance-notice requirement. This once again underscored the reality that the current enforcement environment for U.S. shipping is no longer friendly to shipowners.

The American line is not like other routes where carriers can raise prices or introduce new surcharges at any time. The FMC requires shipowners to file备案 at least 30 days in advance. In emergencies, shipowners may apply for an exemption (special permission). For example, the most recent exemption was the Red Sea crisis in early 2024, when Houthi attacks on merchant vessels forced shipping companies to reroute via South Africa. After costs rose, the industry introduced an emergency surcharge. The FMC quickly approved the shipowners’ application then, so they did not have to wait until after 30 days to begin charging the surcharge.

Recommended: enter the Caixin database, where you can look up macroeconomic data, stocks and bonds, company executives, and more at any time. Financial and economic data is all at your fingertips.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin