Shipping Lines Considering Cape Surcharge for Ships Re-Routed Around Africa

Home Community Industry News Shipping Lines Considering Cape Surcharge for Ships Re-Routed Around Africa

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    Greensea Systems
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    By Mike Wackett (The Loadstar) –

    Container spot rates from Asia to Europe look set to surge again, as carriers are obliged to blank sailings in response to the Suez Canal blockage.

    The Loadstar understands that shipping lines are considering introducing a Cape surcharge for vessels that are diverted around Africa to recover the extra cost of bunker fuel consumed in the additional seven to 10-day transit.

    Christoph Baumeister, senior trade manager, Asia/ISC Europe at Flexport, said the grounding of the Ever Given in the Suez Canal “had added even more pressure to already stressed supply chains”.

    Read more by visiting gCaptain.

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