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Maersk Introduces Surcharge on Israel Shipments to Cover Insurance

FILE PHOTO: Crew members look out from the MV Maersk Mc-Kinney Moller as it berths at a PSA International port terminal in Singapore, September 27, 2013. REUTERS/Edgar Su/File Photo

Maersk Introduces Surcharge on Israel Shipments to Cover Insurance

Reuters
Total Views: 861
December 7, 2023
Reuters

OSLO, Dec 7 (Reuters) – Shipping group A.P. Moller-Maersk said on Thursday it will introduce a risk surcharge next year on container shipments to Israel to cover rising insurance premiums due to the security situation.

“Moving into 2024, insurance premiums continue to be raised for vessels bound for Israel, which has brought about the need for Maersk to officially implement an Emergency Risk Surcharge (ERS),” the Danish company said in a statement.

“The surcharge will be used to accommodate additional insurance costs and ultimately ensure a continued and sustainable service for our customers to Israel,” it added.

Customers will from Jan. 8 face a $50 surcharge on 20-foot containers while the charge for containers measuring 40 and 45 feet will be $100, Maersk said.

(Reporting by Terje Solsvik, editing by Louise Rasmussen)

(c) Copyright Thomson Reuters 2023.

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