Just In: MSC imposes war surcharge on shipments to Africa, Mozambique included

Shipping company MSC said on Thursday it would implement a “war ​surcharge” for cargoes moving to ‌African nations and Indian Ocean islands from the Indian subcontinent and the Gulf ​countries, after maritime traffic was ​affected in the Straits of ⁠Hormuz and Bab El-Mandeb. The surcharges, effective ​on Thursday, apply to cargoes ​from the Indian subcontinent to East Africa, Somalia, Mozambique and Indian Ocean islands, as ​well as from the Gulf ​nations to West Africa, East Africa, South Africa, ‌Mozambique ⁠and the Indian Ocean islands, MSC said. The surcharge for cargoes from the Indian subcontinent will be $500 per ​20-foot ​equivalent unit (TEU) ⁠for dry containers and $1,000 per TEU for refrigerated ​containers, MSC said.

The shipping company ​said ⁠it will charge $2,000 for 20-foot containers, $3,000 for 40-foot containers and $4,000 for refrigerated ⁠containers ​on cargoes from ​Gulf nations to African countries. Emergency War Surcharge – Trade from India, Pakistan, Sri Lanka, Bangladesh to East Africa, Somalia, Mozambique and Indian Ocean Islands The evolving security situation in the Middle East is affecting maritime traffic in the Straits of Hormuz and Bab El-Mandeb and causing disruption throughout our network. Consequently, MSC Mediterranean Shipping Company will implement an Emergency War Surcharge for all cargoes moving from theIndian Subcontinent (India, Pakistan, Sri Lanka, Bangladesh)toEast Africa, Somalia, Mozambique and Indian Ocean islands.

MSC continues to closely monitor the situation and is working with relevant authorities to ensure the safety of its operations. We thank you for your understanding and patience and we will keep you updated with further developments. Should you have any questions, pleasecontact your local MSC representativesin our global network of more than 675 offices.