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Shipping Costs Rise Due to Fuel Prices

June 8, 2018General News
Shipping costs rise

Shipping lines have implemented an “emergency bunker surcharge” this month in response to a rapid surge in fuel prices.

According to a local customer advisory issued by Mediterranean Shipping Company (MSC) last week, fuel prices have risen by over 30% this year and almost 70% since last June, with the cost in Europe exceeding US$442 per metric tonne.

“With crude oil today hovering around US$80 a barrel — the highest since 2014 — the situation is no longer sustainable without emergency action.” The increase in fuel price had been “significantly higher than expected”, Maersk Line announced.

For the end consumer, this means an extra $50 to $85 USD per container and an extra $1 / m3 for roll on / roll off cargo.

According to Reuters in London – global shipping fuel costs are likely to rise by a further 25% in 2020 when new rules limiting sulfur kick in.

fuel sulphur limits

With the world poised to enter an era of much higher fuel prices and stricter environmental controls, we expect these recent rises to be “just the tip of the iceberg”.

shipping costs rise
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  • I bought a Toyota Supra and a Soarer through your service way back in the early 2000’s. Both cars were great, thanks.

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    David C, Sydney ~ 1993 Toyota Supra SZ & 1994 Toyota Soarer 3L
Prestige Motorsport
About Us
We source & ship cars to Australia, NZ, UK, Canada, USA, Europe, Asia & more.
Higher spec, better condition, lower km, classic, track, project or just cheaper.
As a licensed vehicle Import Agent we are on YOUR side at all times.
Contact Us
  • 0418 944 253
  • sales@prestigemotorsport.com.au
  • prestigemotorsport.com.au
Main Menu
  • Prestige Motorsport Japanese Car Imports
  • What We Do
  • Auctions
    • Japan Car Auction Search
    • Set Up FREE Auction Alerts
    • How to Check Auction Sale Prices
    • How to Buy from Auction
    • How to Read a Japanese Auction Sheet
    • Prepare to Bid at Auction
  • Example Vehicles
    • Past Client Inspections
    • Past Auction Sales
    • About the Examples
  • Cost Calc
  • Testimonials
  • FAQ
    • Full FAQ or select below
    • How Direct Car Import Works
    • Aust Vehicle Import Rules
      • Current & New Regulations
      • New 25 Year Import Rule
      • Import R35 GTR to Aust
    • Popular Import Models
      • Mazda RX-7
      • Mitsubishi Delica D5
      • Mitsubishi Lancer EVO 8
      • Nissan Cube Z11
      • Nissan Cube Z12
      • Nissan Elgrand E52
      • Nissan Leaf
      • Nissan Skyline Crossover
      • Nissan Skyline R32 GTR
      • Nissan Skyline R34 GTR
      • Nissan V36 Skyline
      • Toyota Alphard Welcab 10 & 20 Series
      • Toyota Alphard Hybrid 20 Series
      • Toyota Alphard & Vellfire Hybrid 30 Series
      • Toyota Alphard & Vellfire Welcab 30 Series
      • Toyota Crown S20 & S21
      • Toyota Estima
      • Toyota Harrier Hybrid
      • Toyota Hiace
      • Toyota Mark X
      • Toyota Vellfire Hybrid 20 Series
    • Import Service Cost
    • Why Use a Car Import Agent ?
    • Genuine Mileage Promise
    • Japan Odometer Check
    • Car Valuations
    • Japanese Car Specifications
  • Blog
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