CMA CGM will impose emergency surcharge due to renewed Hormuz tensions
Jul, 22, 2026 Posted by Gabriel MalheirosWeek 202630
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. The notice was dated on Tuesday but was sent in an email to reporters on Wednesday.
Source: Reuters
Related Post
-
Ports and Terminals
Jul, 13, 2023
0
Strong winds force Navy to suspend navigation in Babitonga Bay
-
Ports and Terminals
Dec, 26, 2023
0
Reporto tax renewed until 2028 by Brazilian Congress
-
Ports and Terminals
Oct, 29, 2024
0
Porto de Santos grants discounts on sustainable ships and cruise rates
-
Economy
Oct, 30, 2023
0
“Deglobalization” opens room for Brazil to diversify international insertion