CMA CGM announces War Risk Surcharge in Middle East

Capt. John

CMA CGM informed that after considering the recent incidents in the Strait of Hormuz and the related significantly increasing insurance costs in the Middle East Gulf region, it decided to implement a War Risk Surcharge.

The War Risk Surcharge will apply from July 5th, 2019, for all trades, except USA and China (August 1st, 2019):

From/To Oman, the UAE, Qatar, Bahrein, Saudi Arabia (Dammam and Jubail), Kuwait, Iraq.

CMA CGM added that additional countries might be added depending on the situation...

https://safety4sea.com/cma-cgm-announces-war-risk-surcharge-in-middle-east/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon