- Home >
- Ferry News >
- Ferry operator withdraws service, imposes surcharge
Follow us on:
Related News
News Categories
Articles by Year
- May 2012 (35 Articles)
- April 2012 (43 Articles)
- March 2012 (49 Articles)
- February 2012 (42 Articles)
- January 2012 (64 Articles)
Ferry operator withdraws service, imposes surcharge
Brittany Ferries has withdrawn one of its high-speed services and will be introducing a fuel surcharge on freight shipments in an effort to combat increasing bunker costs.
Brittany Ferries says the transport sector has borne the brunt of oil price hikes "Through innovation and rigid cost management, Brittany Ferries has been able to delay the introduction of a fuel surcharge, against the general industry trend. Regrettably, this is no longer possible," a company report said.
The French cross-channel ferry operator has removed one of the two high-speed crossings from Poole to Cherbourg during non-peak periods.
From August 1, 2008 Brittany Ferries will also be implementing a bunker adjustment factor on a per shipment basis. A spokesperson advised, however, that they will not be imposing a fuel surcharge on passenger fares.
Channel services will be set at £7.60 ($15) per shipment, Irish services at £15.20 ($30), and Spanish services at £22.80 ($45.3).
The charges will remain in force for an initial period of three months and are based on the current price of $130 per barrel for Brent Crude, according to Brittany Ferries.
The next review will take place in October and any changes will be implemented on November 1, 2008.
"Recent dramatic increases in the price of oil have been well documented and publicised. Undoubtedly, the transport sector has borne the brunt of these unprecedented rises, with all links in the supply chain similarly affected," the company said.
Brittany Ferries consumes around 10,000 metric tonnes of marine gas oil (MGO) a year, 120,000 mt of 1.5% sulphur fuel oil and estimates that fuel costs represent around 15% of its daily operating costs, the spokesperson said.
Brittany Ferries is the latest among many shipping companies to increase surcharges as a result escalating fuel costs.
Brittany Ferries says the transport sector has borne the brunt of oil price hikes "Through innovation and rigid cost management, Brittany Ferries has been able to delay the introduction of a fuel surcharge, against the general industry trend. Regrettably, this is no longer possible," a company report said.
The French cross-channel ferry operator has removed one of the two high-speed crossings from Poole to Cherbourg during non-peak periods.
From August 1, 2008 Brittany Ferries will also be implementing a bunker adjustment factor on a per shipment basis. A spokesperson advised, however, that they will not be imposing a fuel surcharge on passenger fares.
Channel services will be set at £7.60 ($15) per shipment, Irish services at £15.20 ($30), and Spanish services at £22.80 ($45.3).
The charges will remain in force for an initial period of three months and are based on the current price of $130 per barrel for Brent Crude, according to Brittany Ferries.
The next review will take place in October and any changes will be implemented on November 1, 2008.
"Recent dramatic increases in the price of oil have been well documented and publicised. Undoubtedly, the transport sector has borne the brunt of these unprecedented rises, with all links in the supply chain similarly affected," the company said.
Brittany Ferries consumes around 10,000 metric tonnes of marine gas oil (MGO) a year, 120,000 mt of 1.5% sulphur fuel oil and estimates that fuel costs represent around 15% of its daily operating costs, the spokesperson said.
Brittany Ferries is the latest among many shipping companies to increase surcharges as a result escalating fuel costs.
Special Offers
-
- We speak your language:
Book with Confidence:
