Hamburg S’d reduces US ’ Australia/NZ fuel surcharge

Hamburg S’d announced that it will be reducing Emergency Fuel Adjustment Factor (EFAF) charges on its North America - Australia/New Zealand trade routes from the current $206.00 per TEU to $178.00. The change will take effect March 15, 2005.

Company officials explained that EFAF charges are adjusted quarterly based on a computation of averaged bunker fuel costs over the past three months and are, therefore, based on past trends.