Middle East carrier United Arab Shipping Company announced a "war risk surcharge" on all cargo moving to and from ports in Libya. Effective immediately, the surcharge is $150 per 20-foot equivalent unit.
UASC's move follows a similar emergency surcharge notice by Hapag-Lloyd, citing additional operational costs because of the escalating civil unrest in the North African country.
The German carrier's surcharge of $85 per TEU took effect as of March 16 on all non-U.S. routes, and will come into force April 17 for the U.S.-related trades.
Middle East carrier United Arab Shipping Company announced a "war risk surcharge" on all cargo moving to and from ports in Libya. Effective immediately, the surcharge is $150 per 20-foot equivalent unit.
UASC's move follows a similar emergency surcharge notice by Hapag-Lloyd, citing additional operational costs because of the escalating civil unrest in the North African country.
The German carrier's surcharge of $85 per TEU took effect as of March 16 on all non-U.S. routes, and will come into force April 17 for the U.S.-related trades.
In other trade news, CMA CGM said Wednesday it will add a direct call at Port Said, Egypt, on its EPIC Service connecting the Indian subcontinent, the Middle East and North Europe, starting March 30.
CMA CGM said the upgraded rotation will help reduce transit times for cargo destined for Beirut, Lebanon, by 7 days; by 6 days to Mersin, Turkey; and by 4 days to Istanbul, Turkey; as well as Lattakia, Syria.
The new EPIC rotation will be Southampton, Rotterdam, Hamburg, Antwerp, Le Havre, Port Said, Khor Fakkan, Jebel Ali, Port Qasim, Nhava Sheva (Jawaharlal Nehru), Mundra, Jeddah, Port Said, Malta, Tangiers, and back to Southampton.
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