Red Sea Disruption: Maersk Hikes Shipping Surcharges

0

Global shipping company Maersk has informed its customers and clients that surcharges will increase starting in June, as the disruption of trade along the Red Sea is now anticipated to continue into the third quarter of 2024.

The company disclosed this in a customer advisory to its clients updating them on the situation in the Red Sea and what to expect in the coming months.

It says “As we shared in our 6 May update, the complexity of the situation in Red Sea and the ripple effects on global supply chains have intensified in recent months. This has caused industry-wide disruptions. We now expect that these disruptions will continue into the third quarter of 2024.”

“To help with the additional costs, some surcharges will increase temporarily. You will see relevant surcharges on your latest invoices, some higher than last month. Please know that we will continue to review the surcharges regularly and keep you updated on changes. You can also find the latest information on our dedicated surcharges page on Maersk.com.”

The statement explained that the lingering security issues in the Red Sea is creating additional costs for the company in terms of fuel and additional charter rates due to the long distance.

Furthermore, the company noted that it has increased sailing speed, leased additional 125,000 containers, and organised its fleet to enhance capacity as part of efforts to deal with the present challenges.

Leave a Reply

Your email address will not be published.

Share