Fuel supplements

[Pelle]

Why should we pay fuel supplements any longer? It makes me mad.

It´s not fair now when oil prices drop record amount ! (Oct.27)

[paul929207]

Carnival Corp has announced that they are dropping the fuel supplements on new bookings for 2010. For other cruises, they will refund the surcharge if the price of oil meets the threshold they have set.

 

As to fair, life isn't fair. You don't have to pay the fuel surcharge, just don't cruise with lines that have them.

[firefly333]

RCL hedges fuel, so they would probably lose a lot to immediately take it off, but they too have announced plans where it could be removed starting first qtr of 2009.

 

They are going qtr by qtr thru 2009, if fuel is below $65 on a certain date, then no fuel the next qtr, and then for booking after 11/10, they will remove fuel surcharges for 2010. Similar to Carnival lines, except simpler.

[Krazy Kruizers]

Here is what HAL is posting:

October 10, 2008

 

 

Holland America Line has announced that effective October 31, 2008, the existing fuel supplement will be eliminated for all new bookings on 2010 departures. At that same time, a price increase on 2010 sailings will become effective. Additionally, we have established specific guidelines under which the current fuel supplement may be reimbursed to our guests for 2008 and 2009 voyages.

For 2008 and 2009 departures, if the price of light sweet crude oil according to the NYMEX (New York Mercantile Exchange Index) is $70 per barrel or less at the 2:30 p.m. close of business as reported by Reuters on each of the 25 consecutive trading days ending five trading days prior to the guest's cruise departure date, the fuel supplement will be refunded in the form of a shipboard credit. Guests who book a 2010 cruise prior to October 31, 2008, will be charged the current fuel supplement but will also be eligible for a refund of the fuel supplement in accordance with the same fuel price conditions that are being implemented for the 2008 and 2009 departures. Within the next few weeks, we will provide the daily NYMEX fuel price information at hollandamerica.com.

Holland America Line is implementing these initiatives due to the recent trends in declining fuel prices in an effort to migrate away from charging a separate fuel supplement. If fuel prices stabilize below $70 a barrel , we will be able to effectively eliminate charging a separate fuel supplement. However, there is still a risk that fuel prices could move higher which would require us to maintain or reinstate a fuel supplement but we are hopeful that the goal of eliminating the fuel supplement can be achieved. These industry-leading initiatives demonstrate our commitment to our guests and travel agents to make a cruise with Holland America Line the most attractive cruise vacation available.The fuel supplement is currently $9 per person per day for the first and second guest (not to exceed $126 per person per voyage) and $4 per person per day for third, fourth and fifth guests (not to exceed $56 per person per voyage).

Since this was posted -- the fuel charge did go above $70.

And also keep in mind that it is 25 consecutive trading days -- meaning week days -- not to include weekends.

Doubt if we will ever see any money back from our 2009 cruises.