CMA CGM will apply emergency surcharge due to intensifying conflict in the Strait of Hormuz

In a statement published on its website, CMA CGM said it will apply an emergency fuel surcharge due to the intensification of the conflict in the Strait of Hormuz. The additional fee will apply from August 1st.

“Following the renewed escalation of hostilities in the Strait of Hormuz in recent days, fuel prices have risen sharply again, reversing the downward trend observed in recent weeks. As a result, bunker costs have increased significantly in all regions and routes, impacting the total cost of maritime transport,” said the French shipowner.

The surcharge amount will be between approximately US$65 and US$165 per container and will remain in effect until further notice.