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Hormuz and Bab el-Mandeb disruptions drive up container-shipping fuel surcharges

CMA CGM is raising fuel surcharges on container shipments to $320 from October, as fuel prices climb and fighting intensifies in the Hormuz and Bab el-Mandeb straits.

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Hormuz and Bab el-Mandeb disruptions drive up container-shipping fuel surcharges

French shipping group CMA CGM has announced emergency fuel surcharges ranging from $75 to $320 per standard container, to be applied to shipments from October 1.

The group said in a customer notice that the decision followed a sharp rise in fuel prices, alongside escalating fighting in the Hormuz and Bab el-Mandeb straits and continued pressure on shipping traffic through the two maritime corridors.

Top end nearly doubles previous surcharge

The new surcharges replace additional fees announced by the company in July, which ranged from $65 to $165 per container, making the new top rate of $320 nearly double the previous level.

Fuel costs feed through to container shipping

The move reflects the impact of higher fuel prices and disruptions along major maritime routes on container-transport costs, as pressure on shipping traffic through the Hormuz and Bab el-Mandeb straits continues.

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