Hapag-Lloyd, a major shipping company, has announced surcharges for cargo traveling to and from the Middle East due to a series of attacks on merchant ships in the Red Sea. The company will apply a "peak seasonal surcharge" for containers moving from Asia and Oceania to the Red Sea region, including Egypt, Jordan, Saudi Arabia, and Yemen. Additionally, an "operational recovery surcharge" will be imposed for containers going in the opposite direction. The surcharges, ranging from $250 to $1,000, are a response to the uncertain situation in the Red Sea. This move follows similar actions by shipping giants Maersk and CMA CGM, as concerns about disruptions to global trade grow amid attacks by Yemen's Houthi militant group. Hapag-Lloyd had already announced the rerouting of 25 ships by the year-end to avoid the affected area.

SOURCE:GOOGLE