More leading carriers add war risk charges
Maersk, Hapag-Lloyd and Mediterranean Shipping Co have joined CMA CGM in applying additional surcharges to cargoes transiting the Middle East Gulf in the wake of heightened tensions in the region.
Maersk said it was applying charges of $42 per teu for dry containers due to “developments in the current situation in the Arabian Persian Gulf area”.
“As a result, we now see a notable impact on our cost base for our shipping and logistic activities,” Maersk said in a customer advisory. “Accordingly, to cover this cost increase, Maersk is introducing the Gulf emergency risk surcharge for all cargo to and from Saudi Arabia.”
The surcharge will affect destinations including Dammam and Jubail in Saudi Arabia, Bahrain, Qatar, the United Arab Emirates, Kuwait, Iraq and Sohar and Muscat ports in Oman, and will become effective from July 10 for non-regulated trades and August 1 for regulated trades.
Hapag-Lloyd said it would implement a vessel risk surcharge from July 15 on cargoes via the Middle East Gulf to and from Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia eastern province ports Dammam and Jubail, and the UAE.
“As a result of recent maritime incidents that took place in the Strait of Hormuz, our operating costs for our services in the Middle East Gulf region have increased,” it said.
Hapag-Lloyd’s surcharge will also be $42 per teu. For cargo from China it will become effective from August 1, while a date is yet to be announced for cargoes from the US.
MSC, Maersk’s partner in the 2M alliance, has set a slightly lower $40 per teu charge for cargoes destined to and from Middle East Gulf ports. The line said it was “compelled” to add fees “in view of the tensions in the area”.
MSC’s charges will be effective on bills of lading dated from July 8 for non-regulated trades, and August 1 for US and China trades.
Earlier this week, French carrier CMA CGM became the first major liner company to introduce a war risk surcharge for Middle East Gulf transits, citing rising insurance and operational costs.
The moves follow the attacks on Kokuka Courageous and Front Altair, on June 13, which have led to war risk premiums rising sharply after the region was identified as high risk waters as listed by the Joint War Committee.
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