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Maersk and MSC add Middle East Gulf ports risk surcharges

      07/10/2019

More container lines are adding risk surcharges for shipments to and from Middle East Gulf ports following last month’s attack and two tankers in the Gulf of Oman.

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.