Seaboard Marine wishes to advise its valued customers of changes to the Marine Fuel Surcharge. Effective March 16, 2020, we will convert from monthly to quarterly fuel adjustments. Seaboard Marine continues to comply with the IMO2020 low sulfur mandate, and the Marine Fuel Surcharge will still function in accordance with our index. This change will not affect the previously announce Marine Fuel Surcharge reduction that will take effect on April 1, 2020. However, due to the volatility of the global economy, Seaboard Marine will implement a more extended review period before making fuel adjustments.
As always, we thank you for your continued support.