Emirates Shipping Line reduces war risk surcharge for GCC cargoes
Dubai-based Emirates Shipping Line has climbed down from its original war risk surcharge, which Slash 247 described as “punchy”.
The carrier was one of the first to implement war risk surcharges in the wake of rising insurance costs after six tankers were attacked in the past two months in and around the Strait of Hormuz.
However, as other container lines have followed suit, Emirates’ $52 per teu surcharge has become the highest additional levy recorded by Splash to date – $10 more than the next highest and $16 higher than the lowest surcharge so far.
Today, Emirates decided to reduce the surcharge to $40 per teu.