Shipping Group Maersk Raises Emergency Fuel Surcharge Due to Middle East Conflict
- Maersk will raise its emergency fuel surcharge, known as EFS, to 20% beginning October 12.
- The surcharge will apply to both export collections and import deliveries.
- Maersk linked the increase to the continuing Middle East conflict and more attacks on shipping in the Gulf and Strait of Hormuz.
- The company will regularly reassess the surcharge as fuel prices and geopolitical conditions change.
12 Articles
12 Articles
The Danish shipping group Mersk announced today Thursday that it intended to increase the fuel contingency fee for ground transportation services in Britain and Ireland due to the ongoing war in the Middle East.
Maersk said on Thursday (8) that it is increasing its emergency fuel rate (EFS) on land transport in the United Kingdom and Ireland as a result of the ongoing conflict in the Middle East. Oil prices are rising on Thursday (8), driven by concerns about the supply coming from the Middle East, in the midst of an increase in attacks on navigation in the Strait of Ormuz, while the United States has reduced production due to a hurricane threatening pr…
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Maersk Raises Emergency Fuel Surcharge to 20% as Middle East Crisis Drives Costs Higher
Maersk will increase its emergency fuel surcharge to 20% beginning October 12 as higher oil prices and growing security risks in the Middle East push ... The post Maersk Raises Emergency Fuel Surcharge to 20% as Middle East Crisis Drives Costs Higher first appeared on [your]NEWS.
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