MSC imposes war surcharge on shipments to Africa and Indian Ocean islands

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.

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.

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.

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.

REUTERS