The world’s two largest container lines Maersk Line and MSC have joined Hapag-Lloyd, CMA CGM and APL in adding a surcharge in the region to cover increased insurance costs.
Maersk is introducing a Gulf Emergency Risk Surcharge of $42 per teu and $84 per teu for from 10 July for non-regulated trades, and 1 August for regulated trades. It cover shipments from all port worldwide, excluding China, to Saudi Arabia (Damman & Jubail), Bahrain, Qatar, UAE, Kuwait, Iraq and Oman (only Sohar and Muscat). And all shipments from the Middle East ports to destinations worldwide.
Meanwhile 2M alliance partner MSC has introduced a $40 per teu War Risk Surcharge from July on all trades, excluding US and China, to and from Bahrain, Iraq, Kuwait , Oman , Qatar , Saudi Arabia (Dammam, Jubail ), and UAE. For US and China ports the surcharge will apply from 1 August.