CMA CGM introduces a war surcharge on Black Sea sea freight
TOP MAGAZINE · Sea Freight
Container shipping line CMA CGM is introducing a War Risk Surcharge from 9 November for cargoes to and from the Black Sea region. The measure comes in response to recent drone attacks in the area.
War risk surcharge in force
The French shipping line CMA CGM is introducing a war risk surcharge for sea freight destinations around the Black Sea. This War Risk Surcharge is directly linked to an increase in security risks in the region, caused by a series of drone attacks on ships and ports.
The surcharge applies from 9 November for European ports. Outside Europe, the surcharge will apply from 1 December to shipments to and from the Black Sea region. The exact amount of the surcharge has not been disclosed, but it is clear that it is intended to cover cost increases resulting from heightened insurance risk and operational adjustments.
Background: increased insecurity
The introduction of additional charges for cargo bound for high-risk areas is not new in the sea freight sector, but the number of recent incidents in the Black Sea highlights the urgency of the measure. Drone attacks have led to the sinking of ships in the area, necessitating stricter precautionary measures.
For CMA CGM, this is sufficient reason to adjust its rates. The new surcharge may apply to all shipments to and from affected Black Sea ports, with the aim of mitigating the consequences of the higher risk profile.
Shippers: potential impact
For shippers using container freight to and from the Black Sea region, this development means they must expect higher transport costs. In addition, fluctuations in sailing schedules and additional insurance requirements may come into play.
CMA CGM’s decision illustrates how geopolitical risks can have a direct impact on sea freight rates and availability. Other shipping lines may follow suit if the security situation does not improve.
What does this mean for your shipment?
TOP’s analysis based on the above developments.
Planning
Shippers would be well advised to anticipate potential delays and changes to sailing schedules resulting from new risk assessments.
Costs
The surcharge will almost certainly lead to higher transport costs on routes involving the Black Sea; it is advisable to check prices in good time.
Point to note
Check whether existing insurance policies cover any additional risks, given the rise in incidents in the region.
Sources
Flows — CMA CGM introduces war risk surcharge for the Black Sea
Image: TOP archive, for illustrative purposes.
