Shippers are beginning to feel the financial pinch of the sudden escalation in military tensions between India and Pakistan in the form of contingency surcharges levied by mainline ocean carriers.
The first known levy comes from CMA CGM, which has slapped an “operational recovery surcharge” of $800 per container for Pakistan exports and $300 per box for imports. The extra charges are due to start on May 15 on non-US trade lanes and from June 6 for US cargo.
“This decision has been necessitated by the recent geopolitical developments in the region, which are significantly impacting our operations,” the French carrier said.
Click here for the Customer Advisory