<p data-path-to-node="2" id="p-rc_708d66f5a5bbac19-140"><span data-path-to-node="2,0"><b data-path-to-node="2,0" data-index-in-node="0">GENEVA / LONDON / SINGAPORE</b> — Confronting severe volatility across upstream energy benchmarks and sustained operational fuel-burn expenditures, the world’s leading container liner consortia—encompassing the Ocean Alliance, Gemini Cooperation, and Premier Alliance—have officially issued formal commercial advisories enacting emergency revisions to their quarterly Bunker Adjustment Factors (BAF) and index-linked fuel surcharges</span><span data-path-to-node="2,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="2,2">. The retroactive and forward pricing corrections, scheduled to take immediate effect across fourth-quarter billings, apply directly to arterial East–West headhaul corridors, Transpacific all-water loops, and direct Subcontinent–Europe trade lanes</span><span data-path-to-node="2,3"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="2,4">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1798501022=""><!----></sources-carousel-inline></p><p data-path-to-node="3" id="p-rc_708d66f5a5bbac19-141"><span data-path-to-node="3,0">The abrupt tariff escalation reflects severe upward cost pressures accumulating at primary bunkering hubs worldwide</span><span data-path-to-node="3,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="3,2">. Driven by heightened regional geopolitical risk premiums, pipeline supply frictions, and volatile crude crack spreads, spot delivered prices for Very Low Sulfur Fuel Oil (VLSFO) and Low Sulfur Marine Gasoil (LSMGO) across major refueling stations—including Singapore, Rotterdam, and Fujairah—have surged significantly over trailing cycles</span><span data-path-to-node="3,3"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="3,4">. With marine fuel representing up to 50% of a container vessel's voyage operating expenditure, ocean carriers are moving aggressively to prevent sudden energy spikes from diluting fourth-quarter operating balance sheets</span><span data-path-to-node="3,5"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="3,6">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1798501022=""><!----></sources-carousel-inline></p><p data-path-to-node="4" id="p-rc_708d66f5a5bbac19-142"><span data-path-to-node="4,0">Under the revised commercial tariff schedules distributed to international freight forwarding federations and corporate shippers, ocean carriers are introducing mandatory fuel additions across multiple equipment categories</span><span data-path-to-node="4,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="4,2">:</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1798501022=""><!----></sources-carousel-inline></p><ul data-path-to-node="5"><li><p data-path-to-node="5,0,0" id="p-rc_708d66f5a5bbac19-143"><span data-path-to-node="5,0,0,0"><b data-path-to-node="5,0,0,0" data-index-in-node="0">Base Fuel Adjustment:</b> Dry container bookings will absorb incremental BAF adjustments ranging between $120 and $180 per Twenty-Foot Equivalent Unit (TEU), scaling to $240 to $360 per Forty-Foot Equivalent Unit (FEU) on long-haul loops</span><span data-path-to-node="5,0,0,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="5,0,0,2">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1798501022=""><!----></sources-carousel-inline></p></li><li><p data-path-to-node="5,1,0" id="p-rc_708d66f5a5bbac19-144"><span data-path-to-node="5,1,0,0"><b data-path-to-node="5,1,0,0" data-index-in-node="0">Temperature-Controlled Equipment:</b> High-cube refrigerated (reefer) containers face steeper fuel multipliers, incurring surcharges of up to $420 per box to account for continuous auxiliary diesel generation and electrical cooling power draw required while transiting tropical waters</span><span data-path-to-node="5,1,0,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="5,1,0,2">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1798501022=""><!----></sources-carousel-inline></p></li><li><p data-path-to-node="5,2,0" id="p-rc_708d66f5a5bbac19-145"><span data-path-to-node="5,2,0,0"><b data-path-to-node="5,2,0,0" data-index-in-node="0">Compression of Rate Validity Windows:</b> To insulate liner operating margins against erratic intra-month fuel price swings, standard 30-day ocean freight rate validity windows have been compressed into 7-to-14-day rolling quotation cycles, preventing enterprise cargo owners from locking in fixed long-term transport rates on open spot markets</span><span data-path-to-node="5,2,0,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="5,2,0,2">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1798501022=""><!----></sources-carousel-inline></p></li></ul><p data-path-to-node="6" id="p-rc_708d66f5a5bbac19-146"><span data-path-to-node="6,0">The timing of these bunker adjustments compounds structural voyage expenses already incurred from extended circumnavigations around Africa’s Cape of Good Hope</span><span data-path-to-node="6,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="6,2">. Mainline container vessels continuing to bypass volatile Red Sea waterways add between 10 and 14 sailing days per voyage leg, burning thousands of additional metric tonnes of heavy fuel oil and compliant low-sulfur blends per round-trip rotation</span><span data-path-to-node="6,3"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="6,4">. Compounded by statutory decarbonization compliance fees—such as the European Union’s Emissions Trading System (EU ETS) and regional low-carbon fuel quotas—carrier operating costs per nautical mile have climbed to historically elevated baselines</span><span data-path-to-node="6,5"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="6,6">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1798501022=""><!----></sources-carousel-inline></p><p data-path-to-node="7" id="p-rc_708d66f5a5bbac19-147"><span data-path-to-node="7,0">The sudden imposition of emergency bunker surcharges has introduced acute financial strain across international supply chains</span><span data-path-to-node="7,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="7,2">. Enterprise shippers, multinational retailers, and industrial export desks—already managing tighter post-peak margins following intensive late-summer inventory front-loading—are finding that incremental fuel surcharges threaten to wipe out thin product margins on delivered goods</span><span data-path-to-node="7,3"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="7,4">. For automotive component suppliers, garment exporters, and bulk chemical producers operating out of India, Southeast Asia, and China, landed logistics costs are tracking significantly higher heading into fourth-quarter delivery windows</span><span data-path-to-node="7,5"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="7,6">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1798501022=""><!----></sources-carousel-inline></p><p data-path-to-node="8" id="p-rc_708d66f5a5bbac19-148"><span data-path-to-node="8,0">To defend operating margins against cascading transport tariffs, enterprise cargo owners and 3PL networks are executing defensive procurement counter-measures</span><span data-path-to-node="8,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="8,2">. Sourcing desks are actively restructuring cargo-stuffing metrics, consolidating shipments into dense 40-foot high-cube containers, and shifting non-urgent inventory onto slower, fixed-rate service contracts with pre-negotiated Minimum Quantity Commitments (MQCs)</span><span data-path-to-node="8,3"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="8,4">. In parallel, high-value manufacturing segments are selectively exploring coastal short-sea and intermodal rail landbridges to bypass secondary maritime feeder legs that carry compounding fuel and congestion add-ons</span><span data-path-to-node="8,5"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="8,6">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1798501022=""><!----></sources-carousel-inline></p><p data-path-to-node="9" id="p-rc_708d66f5a5bbac19-149"><span data-path-to-node="9,0">Evaluating the tariff adjustments during a maritime trade briefing in London, senior ocean freight economists observed that container lines are utilizing index-linked surcharges as an immutable financial hedge</span><span data-path-to-node="9,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="9,2">:
"Carriers cannot absorb double-digit percentage spikes in marine bunkering while operating extended Cape rotations and paying regional carbon penalties</span><span data-path-to-node="9,3"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="9,4">. By activating dynamic emergency bunker adjustment formulas, liner alliances are transferring fluctuating fuel exposure directly onto cargo owners</span><span data-path-to-node="9,5"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="9,6">. For enterprise shippers, fourth-quarter freight budgeting will require continuous liquidity buffers to navigate volatile energy benchmarks as global maritime networks balance cost recovery against shifting seasonal trade volumes</span><span data-path-to-node="9,7"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="9,8">."</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1798501022=""><!----></sources-carousel-inline></p><p data-path-to-node="10" id="p-rc_708d66f5a5bbac19-150"><span data-path-to-node="10,0">Alliance booking desks confirmed that the emergency fuel adjustments will remain permanently indexed against weekly marine fuel monitoring gauges, with future surcharge revisions tied directly to benchmark price movements at Singapore and Rotterdam through the end of the year</span><span data-path-to-node="10,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1489939291="" class="ng-star-inserted"><sup _ngcontent-ng-c1489939291="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="10,2">.</span></p>