Previous Story
APL to reduce fuel surcharge for Saipan and Guam shipping
|
Posted on Mar 30 2016
Ocean carrier American President Lines will be reducing its fuel surcharge rates for shipping to Guam and Saipan beginning this Friday.
According to APL general manager for Guam/Micronesia John Selleck, their company will be reducing its “Fuel Adjustment Factor” by 20 percent for shipping from the U.S. mainland due to falling oil prices.
The new fuel surcharge rates will be $497 per dry 20’ container, $622 per dry 40’ or 45’ container, and $697 per refrigerated 40’ container.
The rates will be effective this Friday, April 1, and will be in effect for three months, until the next quarterly adjustment.
“We are happy to announce this 20-percent reduction and to be able to pass these lower fuel costs on to our Guam and Saipan customers,” Selleck said.
APL’s Fuel Adjustment Factor is a flat rate that is based on container size and type. It is adjusted quarterly based on the Transpacific Stabilization Agreement published westbound rates and methodology used by transpacific carriers.
TSA adjusts its rates quarterly based on publicly posted fuel prices for the prior quarter.
“We believe this is the fairest and most reasonable way to calculate the fuel surcharge. Moreover, because it is adjusted quarterly based on publically available prices, it is far more transparent and predictable for our customers,” Selleck said.
APL Guam—the ship that is servicing Saipan and Guam as well as Japan and South Korea—made its first port of call on Saipan last Dec. 31. This weekend will mark its eighth arrival to Guam and Saipan.
