French shipping group CMA CGM said it will introduce an emergency fuel surcharge starting Aug. 1 after what it described as a renewed escalation of hostile actions in the Strait of Hormuz. In a notice posted on its official website on July 22, the company said fuel prices had risen sharply again over the past few days, reversing the easing trend seen in recent weeks. CMA CGM said the jump in fuel prices had significantly increased fuel costs across all regions and shipping routes, raising overall ocean freight costs. The surcharge will range from $65 to $165 per container and will remain in effect until further notice. The update was cited by BlockBeats, with Jin10 named as the source in the brief.
CMA CGM, the French shipping group, said in a notice on its official website on July 22 that it will begin charging an emergency fuel surcharge from Aug. 1 after hostile actions in the Strait of Hormuz escalated again.
The company said, “Over the past few days, the renewed escalation of hostile actions in the Strait of Hormuz has caused fuel prices to rise sharply again, reversing the easing trend seen in recent weeks. As a result, fuel costs across all regions and routes have increased significantly, pushing up overall ocean freight costs.”
According to the notice, the surcharge will range from $65 to $165 per container and will stay in place until further notice.
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