Price Adjustment for Shipments to Far East and Middle East Regions

Price Adjustment for Shipments to Far East and Middle East Regions

December 28th 2023

Starting January 1st, 2024 and continuing for an indefinite period, there will be an additional fee applied to exports originating from European ports and destined for the Far East and Middle East.

This fee, known as the Contingency Adjustment Charge (CAC), has been introduced  by the shipping companies due to the recent developments in the Red Sea which have led to the temporary suspension of transit via the Suez Canal. Currently, vessels are being rerouted via the Cape of Good Hope.

It’s important to note that this change in route will result in increased shipping costs and extended shipping times.

We want to assure you that we are actively monitoring the current situation and will notify you as soon as the fee is canceled. For any inquiries or assistance, please feel free to contact us at sales@nordagri.com. Our team is here to address any questions or concerns you may have.

Stay informed with the latest updates from shipping companies:

Hapag-Lloyd updates

Maersk updates

MSC updates

FAQs & Answers

  1. What will happen to my shipment if it was originally planned to transit through the Suez Canal?
    Response: Shipping lines have either redirected or temporarily halted vessels bound for the Red Sea. Expect delays in cargo delivery for those rerouted through the Cape of Good Hope.
  2. How do I find the latest ship schedule and information on my cargo’s delivery time?
    Response: Connect with our logistics department for real-time updates on your shipment. For current cargo details and vessel schedules, use cargo tracking and ship tracking.
  3. Is there a specific timeline for ships to resume transit through the Suez Canal?
    Response: The timeline depends on ensuring the safety of the crew, cargo, and the vessel.
  4. How can I determine if my shipment will be rerouted through the Cape of Good Hope?
    Response: We consistently update information to provide customers with the latest details. Refer to online ship tracking for the most recent ship schedule.
  5. I’ve booked shipments for the Red Sea region; what will happen to them?
    Response: Given the current circumstances, expect a slight delay in cargo delivery. Shipments may be unloaded at a nearby safe port until the situation stabilizes.
  6. Will there be additional costs for my shipments due to the service interruption?
    Response: In collaboration with shipping lines, we’ll keep customers informed about alternative shipping options. Currently, shipping lines are implementing a premium Contingency Adjustment Charge (CAC) applicable to all shipments from Europe to the Far and Middle East, effective January 1.

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