Hormuz and Bab el-Mandeb disruptions raise shipping fuel costs

The French shipping group CMA CGM has imposed emergency surcharge fees on fuel ranging from $75 to $320 per standard container, due to rising fuel prices and escalating conflict in the Strait of Hormuz and the Bab el-Mandeb. This means that the new charges represent a significant increase compared to the previous fees, which ranged from $65 to $165. The new surcharges will be applied starting October 1st to reflect the impact of disruptions in maritime routes on transportation costs.

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