Ocean Carriers Implement Slow-Steaming and Fuel Surcharges, Increasing Shipper Frustration
Ocean freight carriers are increasingly adopting 'slow-steaming' strategies to manage vessel overcapacity and absorb costs, leading to significantly longer transit times for shippers. In parallel, carriers are reintroducing Bunker Adjustment Factor (BAF) surcharges, now often linked to the EU's Emissions Trading System (ETS) costs. Shippers express frustration over the lack of transparency in these new charges, arguing that they are paying more for a declining level of service. The combination of slower voyages and additional surcharges is creating significant waves in the global logistics market, with many feeling the measures are more about carrier profitability than environmental compliance.
Official Source: https://theloadstar.com/fuel-surcharges-and-slow-steaming-making-waves-for-shippers/
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