Cosco sets US$200/TEU peak season surcharge, adds $200 for Libyan war risk

COSCO has announced it will apply a peak season surcharge on the westbound trades of US$200 per TEU from the Far East (including Japan) and the Indian subcontinent to northern and western Europe and Mediterranean ports from June 1.

The carrier also announced it would levy a US$200 per TEU war risk surcharge on cargo to Libya when service resumes there. Cosco joins United Arab Shipping Company (UASC) and Hapag-Lloyd in levying a war risk surcharge because of the expenses dealing with the civil war there.