Shipping major CMA CGM has suspended its Low Sulphur Surcharge (LSS20) introduced on December 1 last year to cover the increase in fuel-related costs associated with the implementation of the IMO 2020 regulation.
“As from June 1, taking into consideration the current price of VLSFO, CMA CGM has told customers that this surcharge will not be applicable but may come back later as per our formula,”according to a statement from the line.