Carriers demand new surcharges as Middle East conflict sees bunker costs surge

Container lines are seeking a new wave of emergency fuel surcharges as an escalation of hostilities in the Middle East has made bunker fuel more expensive and availability increasingly volatile. CMA CGM has told Indian customers it will impose a scale of surcharges on long-haul and intra-regional trades for cargo loaded from 1 August. The updated levy will be $150 per teu for dry cargo and $165 pe Read full article →