Implementation of global Vessel Risk Surcharge for cargo to/from Arabian Gulf

As a result of recent maritime incidents that took place in the Strait of Hormuz, Hapag-Lloyd operating costs in the Middle East Gulf region have increased, Hapag-Lloyd said in its release.

Hapag-Lloyd will therefore implement a Vessel Risk Surcharge (VRS) as of July 15, 2019 as follows:

For cargo from/to and via Arabian Gulf (Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia Eastern Province Ports Dammam & Jubail and the UAE)*

USD 42 per TEU

For cargo from China the Surcharge will be valid as of August 1, 2019.

For FMC related cargo to/from USA and Canada, the implementation date will be announced shortly.

* Depending on risk situation, additional countries might be added as well as increase or mitigation of above mentioned surcharge will be considered.