CMA CGM and APL introducing war risk surcharge for Middle East ports

Container lines are starting to roll out war risk surcharges for Middle East Gulf ports following the recent attacks on tankers in the Gulf of Oman.

CMA CGM and sister line APL have announced a $36 per teu surcharge to and from Oman, the UAE, Qatar, Bahrein, Saudi Arabia (Dammam + Jubail), Kuwait and Iraq, and all destinations from 5 July, excluding the US and China which will be effective from 1 August.

Both lines said the war risk surcharge were to cover increased significantly increasing insurance costs in the region following the tanker attacks last month.

Read all Seatrade Maritime News coverage of the tanker attacks here

Posted 02 July 2019
Marcus Hand

Editor, Seatrade Maritime News