WAR risk surcharges for cargo moving in and out of the Arabian Gulf are being introduced by Hapag-Lloyd and Maersk Line, a decision prompted by the attacks on six tankers in the region in the last two months
WAR risk surcharges for cargo moving in and out of the Arabian Gulf are being introduced by Hapag-Lloyd and Maersk Line, a decision prompted by the attacks on six tankers in the region in the last two months. Both container shipping lines are charging surcharges of US$42 per TEU for shipments destined for the Middle East, an amount that Singapore's Splash 247 said is the highest recorded to date.
These latest surcharges follow CMA CGM's implementation of a surcharge of $36 per TEU and Mediterranean Shipping Company's (MSC) surcharge of $40 per TEU.
The surcharges will be levied on cargo from/to and via Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia Eastern Province Ports Dammam & Jubail and the UAE.
For China the surcharge will be effective from August 1, and for US/Canada cargo covered by the Federal Maritime Commission (FMC) contracts the starting date has not yet been published.
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