{"id":111143,"date":"2026-03-04T05:24:57","date_gmt":"2026-03-04T08:24:57","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/897477959"},"modified":"2026-03-04T05:24:57","modified_gmt":"2026-03-04T08:24:57","slug":"10-rise-in-costs-expected-as-shipping-firms-halt-middle-east-bookings-add-risk-charges","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/04\/10-rise-in-costs-expected-as-shipping-firms-halt-middle-east-bookings-add-risk-charges\/","title":{"rendered":"10% rise in costs expected as shipping firms halt Middle East bookings, add risk charges"},"content":{"rendered":"
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The conflict in Iran could raise cargo transport costs from Asia to Europe by at least 10 per cent, according to Hong Kong sector representatives, as major shipping companies have suspended bookings to and from the Middle East or imposed significant war-risk surcharges.<\/p>\n

Lawmaker Tommy Chung Ki-fung, who represents the import and export constituency, explained on Wednesday that rising fuel prices and longer voyages, among other factors, would lead to higher shipping costs.<\/p>\n

\u201cI\u2019d be more conservative in saying that overall shipping costs would rise by at least 10 per cent. It might not increase several-fold because no clients would ship then, so shipping companies might have to shoulder some of the costs brought about by the conflict,\u201d Chung told a radio programme.<\/p>\n

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The US-Israel strikes on Iran have disrupted global supply chains as cargo ships in the region must make a detour to bypass the Gulf. US President Donald Trump has said the war could last four to five weeks, but the American military had the capability to go \u201cfar longer\u201d if needed.<\/p>\n

The world\u2019s largest container shipping line, MSC, suspended all bookings for worldwide cargo to the Middle East from March 1 until further notice.<\/p>\n

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Shipping company CMA CGM announced an emergency conflict surcharge from US$2,000 for every standard 20-foot equivalent unit (TEU), while Hapag-Lloyd would levy a war-risk surcharge from US$1,500 per TEU.<\/p>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… Kong sector representatives, as major shipping<\/span> companies suspended bookings to and … container shipping<\/span> line, MSC, has suspended all bookings for worldwide cargo<\/span> to … the Middle East from March 1 until further notice. Shipping<\/span> …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-111143","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/111143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=111143"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/111143\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=111143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=111143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=111143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}