Shippers roll out war risk surcharge for Middle East ports
Posted On: Jul. 3, 2019 6:21 AM CST
France-based shipper CMA CGM S.A. and American President Lines Ltd. have introduced war risk surcharges for voyages to ports in the Middle East due to recent tanker attacks in the Gulf of Oman, Seatrade Maritime News reported. The shippers said that the surcharge will cover a significant rise in marine insurance rates in the region.