Middle East carrier United Arab Shipping Company announced a "war risk surcharge" on all cargo moving to and from ports in Libya. Effective immediately, the surcharge is $150 per 20-foot equivalent unit. UASC's move follows a similar emergency surcharge notice by Hapag-Lloyd, citing additional operational costs because of the escalating civil unrest in the North African country. The German carrier's surcharge of $85 per TEU took effect as of March 16 on all non-U.S. routes, and will come into force April 17 for the U.S.-related trades. The Journal of Commerce Online |