translate arrow

Emirates Cargo



BASEL: July 08, 2019. Panalpina has applied a War Risk Surcharge (WRS) for all FCL and LCL shipments on ocean carriers traversing the Strait of Hormuz as a result of increased insurance premiums.

Cosco, Maersk and CMA CGM have introduced a WRS in response to attacks on shipping in the region.

port of soharPanalpina’s surcharge currently applies to shipments via the Strait of Hormuz and to shipments with destination or origin port in Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia (Eastern Province ports Dammam and Jubail), and the UAE.

“There is an increased risk of operating in the Gulf region and a sense of insecurity for shipments going through the Strait of Hormuz,” explained Peder Winther, Panalpina's head of Ocean Freight. “Now that shipping lines have added insurance-related surcharges for such shipments, we have to pass these costs on in order to stay competitive.”

Via its in-house carrier Pantainer Express Line, the company is now applying a US$52 per TEU for FCL shipments and US$3.0 per cubic metre for LCL traffic with the exception of US origin or destination traffic that becomes effective August 01, 2019.

“What counts is the date of the Bill of Lading. We are keeping a close eye on the developments in the Gulf region and we will adjust the War Risk Surcharge accordingly,” added Winther.

CSAFE Global



- powered by Quickchilli.com -