The European Shippers Council (ESC) has accused container lines of price-signalling, following a wave of emergency bunker surcharges (EBSs).
A letter to the European Commission claims the introduction of an EBS by “most of the largest” container lines at the start of June was “unjustified”.
“Oil prices had indeed been rising during the last month, but the latest hike cannot be assimilated to an emergency,” says the letter.
“Oil price fluctuations, up or down, had been …

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Source: The Loadstar