The Jeddah Service Group and the Europe Middle East Rate Agreement will lower their bunker adjustment factors from $45 to $35 per TEU on June 5.
The conferences said that the decreases reflect lower bunker costs.
Jeddah Service Group lines are CMA CGM, Hapag-Lloyd, Maersk Sealand, National Shipping Co. of Saudi Arabia (NSCSA), NYK, P&O Nedlloyd and United Arab Shipping Co.
The Europe Middle East Rate Agreement carriers are Andrew Weir Shipping (Ellerman), CMA CGM, DSR-Senator Lines, Hapag-Lloyd, Maersk Sealand, P&O Nedlloyd, Safmarine (CMB Transport) and UASC.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now