In March, several large shipping companies introduced an emergency surcharge to cover the spike in oil prices. These companies included Maersk, MSC, CMA CGM, and Hapag Lloyd. According to these companies, the oil price rose so sharply that the usual contract compensation regulations were insufficient. Oil prices have been on the rise since halfway through last year. In recent months, the price for a barrel of crude oil has risen above the $70 level, with outliers at as high as $80 per barrel.
Maersk announces profit warning for 2018
In March, several large shipping companies introduced an emergency surcharge to cover the spike in oil prices. These companies included Maersk, MSC, CMA CGM, and Hapag Lloyd. According to these companies, the oil price rose so sharply that the usual contract compensation regulations were insufficient. Oil prices have been on the rise since halfway through last year. In recent months, the price for a barrel of crude oil has risen above the $70 level, with outliers at as high as $80 per barrel.