Source: The Journal of Commerce
Summary
Ocean carriers face financial strain as they navigate emergency surcharges and potential new fees for transiting the Strait of Hormuz. Maersk, Hapag-Lloyd, and CMA CGM have increased their Middle East war risk surcharge. The move comes amidst growing tensions in the region and the absence of a diplomatic resolution.
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The trend returns with a new name.
Carriers impose surcharges, citing war risk and increased costs. The Strait of Hormuz, a critical shipping lane, remains a point of contention. Maersk, Hapag-Lloyd, and CMA CGM lead the charge, passing on costs to customers. As tensions escalate, the industry braces for further disruptions. The same security concerns that drove up costs in 2019 are back, with familiar fees and surcharges.
Author: Evan Null
