CMA CGM Introduces Emergency Fuel Surcharge as Strait of Hormuz Tensions Push Bunker Costs Higher

Global container shipping giant CMA CGM has announced the introduction of an Emergency Fuel Surcharge (EFS) across its worldwide services following the renewed escalation of hostilities in the Strait of Hormuz, one of the world’s most strategically important maritime trade corridors. According to an official company notice dated Tuesday, the […]

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Red Sea Tensions Escalate: Houthi Threats to Saudi Port Shipping Raise Fresh Alarm for Global Maritime Trade

The maritime industry is facing another major security challenge as Yemen’s Houthi movement has issued a direct warning to international shipping companies, stating that vessels calling at Saudi Arabian ports could become legitimate targets. The development significantly raises the risk profile for commercial shipping in the Red Sea and comes […]

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