As the ongoing conflict in the Middle East continues to impact global energy markets; we are closely monitoring developments and the potential implications for international shipping and logistics.
With most export services suspended into the region and where feeder ports are being used on diverted sailings, port congestion may also become a factor.
Further to this, the major ocean carriers have already indicated that Emergency Fuel Surcharges (EFS) and Emergency Bunker Adjustment Factors (EBAF) are to be implemented due to the sharp increase in oil prices. Rising fuel costs are already being reflected across transport networks, including road freight within the UK. These surcharges may be necessary to offset increased operating costs.
The Current Situation
The current situation in the Middle East once again highlights how sensitive global energy markets are to disruptions in key shipping routes.
While the situation remains fluid, we want to assure you we are actively monitoring developments and working closely with all our carrier partners in the management of your shipments.
We will continue to keep you informed of any operational changes, surcharge announcements, or service impacts as further information becomes available.
Should you have any questions, please do not hesitate to contact your local account manager.
Thank you for your understanding and support.
Carry Cargo International Ltd.
