CMA CGM applies war surcharge to Gulf region

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CMA CGM has announced a war risk surcharge of US$36 per TEU from July 05 as a result of recent attacks on shipping in the Straits of Hormuz.

Likely to be emulated by other ocean carriers, CMA CGM said 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 this month except the US and China that will be added from August 01.

The company, which has responded to six attacks on shipping in recent weeks, said other countries in the Gulf region could be added to the surcharge list in due course.

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