Fuel Index – June Update
We have completed our review of the Fuel Index used to determine fuel charges between the United States and Puerto Rico.
Effective July 1, for cargo sailing to/from Jacksonville, FL and Puerto Rico, we will modify the Fuel Index to review LNG fuel and MGO fuel prices on a quarterly basis. The Index will be weighted 85% LNG and 15% MGO.
For cargo sailing to/from Eddystone, PA and Puerto Rico, we will continue to review MGO fuel prices against an MGO Index on a quarterly basis. This Index will be weighted 100% MGO.
Based on the last quarter’s average fuel prices and indexes, there will be no adjustment to fuel charges on July 1, 2020.
The next quarterly review will evaluate average fuel prices from June to August to determine if an adjustment is necessary on October 1, 2020.
Please find additional details in our website, here.
For general questions, please contact your sales representative or the Customer Care Department at 1-800-CROWLEY.