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CMA CGM will impose an emergency surcharge

 


PARIS: CMA CGM will impose ​an emergency fuel ​surcharge following the renewed escalation of hostilities in the Strait of Hormuz effective August 1, the ⁠French shipping firm said in ⁠a notice posted on its website.
'Following the renewed escalation ‌of hostilities in ​the Strait of ⁠Hormuz over the ​past days, fuel ‌prices have surged sharply again, reversing ​the easing observed in recent weeks. As a result, bunker costs have significantly increased across all regions ‌and trades, impacting the ​overall cost of ocean transportation,' ​the ‌firm ⁠said.
The surcharge, which will range from $65 to $165 per container, ​will be in ⁠place until ​further notice.