The Arleigh Burke-class guided-missile destroyer USS Mason (DDG 87) steams behind the dry cargo and ammunition ship USNS Cesar Chavez (T-AKE 14) while transiting the Strait of Hormuz on May 23, 2019. (Photo by Petty Officer 3rd Class Lasheba James/Carrier Strike Group 12)

Container Shippers Getting Hit with War Risk Surcharges

The tensions in the waters around the Strait of Hormuz are beginning to hit container shippers in the pocketbook.

CMA CGM announced Monday it will implement a $36-per-TEU war risk surcharge, citing “recent incidents in the Strait of Hormuz and the related significantly increasing insurance costs in the Middle East Gulf region.”

It said the charge will be effective Friday (bill of lading date) for all trades, except USA and China, for which the effective date will be Aug. 1.

Read more at American Shipper

The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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