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Ocean Shippers Impose Fuel Surcharges as Oil Prices Spike

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Major ocean freight carriers have instituted “emergency bunker recovery measures” to counter a hike in the price of the main source of fuel for container ships. CMA CGM on Friday joined 2M Alliance members, Maersk Line and Mediterranean Shipping Company (MSC), in implementing the surcharge. “Due to the significant increase in bunker prices since the beginning…

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