Last month’s attacks on two tankers in the Gulf of Oman have resulted in soaring insurance premiums for vessels transiting the Straits of Hormuz and as a result container lines have started to add box surcharges to shippers.
Hapag-Lloyd is introducing a $42 per teu Vessel Risk Surcharge from 15 July for services in the Middle East Gulf region due to increased operating costs.
The surcharge covers 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 1 August, and for US/Canada cargo covered by the Federal Maritime Commission (FMC) contracts the date of implantation is yet to be announced.
Read more:Â CMA CGM and APL introducing war risk surcharge for Middle East ports
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