Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
ID 52020171 © Peter Titmuss | Dreamstime.com
By Mike Wackett
CMA CGM, is to implement a war-risk surcharge (WRS) for cargo to and from ports in the Persian Gulf, as insurance underwriters hike premiums for ships transiting this ‘tinderbox’ region.
Since the attack on two tankers on 13 June, the fifth and sixth in a month and the most serious to date, war-risk premiums have soared for the region, one broker source telling The Loadstar today supertankers are being charged a $200,000 AP (additional premium) per voyage.
AP is typically charged as ...
Comment on this article
rob
July 03, 2019 at 3:27 pmMSC also applied WRS for the same region
regards
Mike Wackett
July 03, 2019 at 4:12 pmThanks Rob. MSC was one of the other carriers I was referring in my story yesterday. I am sure that others will follow.