FEFC, AWAR, EMA, MRA TO RAISE BUNKER SURCHARGES
'The Far Eastern Freight Conference, the Asia Westbound Rate Agreement, the Eastbound Rate Agreement and the Mediterranean Rate Agreement said they will raise their bunker adjustment surcharge to $62, from $55, effective Sept. 13.
The conferences and discussions agreements also said the bunker surcharge applicable to less-than-containerload cargo will be $3.10 per revenue ton, also effective Sept. 13.
The surcharge will remain in place at least through Oct. 31, after which the application period for the surcharge will be placed on a per-calendar-month basis.