Ocean carriers impose emergency fuel surcharges as bunker costs surge

Ocean carriers are introducing emergency fuel surcharges and raising freight rates across key global trade lanes as rising bunker fuel costs and geopolitical tensions disrupt shipping services, with Indian rice exports to the Middle East facing delays, higher logistics costs and container shortages, market sources told Platts March 10. The additional charges and service disruptions are increasingOcean carriers are introducing emergency fuel surcharges and raising freight rates across key global trade lanes as rising bunker fuel costs and geopolitical tensions disrupt shipping services, with Indian rice exports to the Middle East facing delays, higher logistics costs and container shortages, market sources told Platts March 10. The additional charges and service disruptions are increasingRead More