Hormuz uncertainty prompts carriers to add new surcharges

As Strait of Hormuz transits continue to remain uncertain, container lines are implementing new surcharges in a bid to recoup additional operational costs. Hapag-Lloyd leads the way with a wave of Middle East emergency surcharges (MESs) on its container bookings from India to the Persian Gulf. They vary between “merchant haulage” and “carrier haulage” bookings. “Due to the closure of the Strait of Read full article →