Growing cost for the carriers trigger a new charged called Emergency Bunker Supplement (EVS) applicable for all sea freight services worldwide.
Fuel prices have gone up significantly over the past 12 months with a very steep increase since beginning of the year. Besides asset cost, expenses for bunker are the second largest cost factor for vessel operators. This development is not reflected through the standard BAF formulas of the container shipping lines, and therefor EBS surcharge is announced.
The expected duration of its application will depend on the development of the oil prices. That is why we are evaluating the situation and will inform you, when we know more.
If you have any questions, please do not hesitate to contact us.