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FINWIRES

Shipper CMA CGM Adds Emergency Fuel Surcharge as Iran War Raises Maritime Transport Cost

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Shipper CMA CGM has introduced an emergency fuel surcharge as a result of an escalation in the Middle East conflict, it said in a statement on Tuesday.

It said this related to a sharp increase in bunker costs across all regions and trades, which increased the cost of maritime transport.

The surcharges will take effect for cargoes loaded from Aug. 1 onwards and remain in place until further notice.

The charges will range between 80 and 165 euros ($91.29-$188.29) per TEU, with the lower amount applicable to inter-regional journeys and the larger sum applicable to long hauls, it said.

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