Arabian Gulf war risk surcharges spread to container shipping
CMA CGM implements war risk surcharges on Middle East cargoes following tanker attacks in Gulf of Oman
CMA CGM, the world’s fourth largest containerline, will institute a war risk surcharge of $36 per teu for cargo heading to the Middle East, reports Splash 24/7.
The French shipping giant said due to spiralling insurance costs in the wake of six tanker attacks near Iranian waters in the past two months, traffic to and from Oman, the UAE, Qatar, Bahrain, Saudi Arabia (Dammam and Jubail), Kuwait and Iraq will be subject to the surcharge for all trade lanes from July 5 except the US and China which will be added from August 1.
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