Shipping company MSC announced on Thursday that it will implement a “war surcharge” on cargo shipments moving to African nations and Indian Ocean islands from the Indian subcontinent and Gulf countries. The decision follows disruptions to maritime traffic in the Straits of Hormuz and Bab El-Mandeb.
According to MSC, the surcharges, which came into effect on Thursday, apply to cargo transported from the Indian subcontinent to East Africa, Somalia, Mozambique, and Indian Ocean islands.
The additional charges will also apply to cargo shipments from Gulf nations to West Africa, East Africa, South Africa, Mozambique, and the Indian Ocean islands, the company said.
