Emirates Shipping Line revises down its war risk surcharge

Dubai-based Emirates Shipping Line has climbed down from its original, punchy war risk surcharge.

The carrier was one of the first to implement war risk surcharges in the wake of rising insurance costs after six tankers were attacked in the past two months in and around the Strait of Hormuz.

However, as other containerlines have followed suit, Emirates’ $52 per teu surcharge has become the highest additional levy recorded by Splash to date – $10 more than the next highest and $16 higher than the lowest surcharge so far. Today, Emirates decided to reduce the surcharge to $40 per teu.