Tag: War Risk insurance
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MSC, Maersk, and Hapag-Lloyd Also Implement War Risk Surcharges for Persian Gulf
July 04: MSC Mediterranean Shipping Company has announced it will institute a war risk surcharge for all cargoes moving to and from the Arabian Gulf. The move follows CMA CGM […]
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CMA CGM Introduces War Risk Surcharge in Middle East
July 02: Due to the recent incidents in the Strait of Hormuz and amid significantly increasing insurance costs in the Middle East region, French container transportation and shipping company CMA […]
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Indian ports piracy boost
Welcome news for shipping companies. Ships get relief from piracy insurance premium at Indian ports Ships entering or leaving Indian ports need not pay additional war risk premium (ARWP) any more, […]
