Emirates Shipping Line revises down its war risk surcharge

Emirates Shipping Line revises down its war risk surcharge

Dubai-based Emirates Shipping Line has climbed down from its original, punchy war risk surcharge.

The carrier was one of the first to implement war risk surcharges in the wake of rising insurance costs after six tankers were attacked in the past two months in and around the Strait of Hormuz.

However, as other containerlines have followed suit, Emirates’ $52 per teu surcharge has become the highest additional levy recorded by Splash to date – $10 more than the next highest and $16 higher than the lowest surcharge so far. Today, Emirates decided to reduce the surcharge to $40 per teu.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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