March 5 (Reuters) - 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
MSC Adds War Surcharge to Africa, Indian Ocean Shipments Amid Maritime Risks
MSC Implements War Surcharge on Shipping Routes
Background and Reason for Surcharge
March 5 (Reuters) - 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.
Details of the Surcharge
Effective Dates and Applicable Routes
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.
Surcharge Amounts by Container Type and Origin
Indian Subcontinent to Africa and Indian Ocean Islands
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.
Gulf Nations to Africa and Indian Ocean Islands
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.
Reporting Credits
(Reporting by Shubham Kalia in Bengaluru; Editing by Emelia Sithole-Matarise)
