MEDITERRANEAN/CANADA CONFERENCE REINSTATES BUNKER SURCHARGE

MEDITERRANEAN/CANADA CONFERENCE REINSTATES BUNKER SURCHARGE

   The Med Can Conference will reinstate eastbound and westbound bunker adjustment factors on Nov. 1.
   The conference, which covers the trade between the Mediterranean and Canadian East Coast ports, has set its fuel surcharge at $25 (U.S.) per TEU.
   The members of the Med Can conference are Canada Maritime, Cast, Zim Israel Navigation and DSR-Senator.
   The Mediterranean North Pacific Freight Conference, responsible for setting rates and charges for the Canadian and U.S. Pacific Coast port range, is also considering the introduction of a bunker surcharge.
   The recent surge in fuel prices has led numerous conferences to increase or reinstate bunker charges.