December 20, 2018
WEC Lines is introducing new bunker charges as of 1 January 2019 to achieve the common goal of improving environmental performance in the container shipping industry, as required by the 2020 Sulphur cap.
We believe that it is essential to segregate transparently the burden of fuel costs, in order for this cost to be passed on visibly throughout the supply chain. Passing on that cost is also vital to ensure the sustainable future of the container shipping industry.
After considerable analysis of operating costs and related market factors, W.E.C. Lines has established a new price mechanism – the FRC (Fuel Recovery Charge) – which will be transparent to respective trades. It will reflect the additional cost that W.E.C. Lines will incur as a result of the regulatory changes we all support in order to protect the environment.
The FRC replaces the current Bunker Surcharges and Emergency Fuel Surcharge (EFS).
For further information, please click here.
Our agents are in close personal contact with our customers to provide more detailed information related to specific trades. Please get in touch with them with any questions you may have and in respect of any contractual considerations.