Updated Westbound EXS recovery effective 3 June 2024
Due to the escalated situation in the Red Sea, Swire Shipping is experiencing a significant impact on our ability to deliver cargoes from Asian hub ports to destinations in European, and Red Sea ports.
Swire Shipping relies on strategic business partners to connect our expansive shipping network to areas not covered in our sphere of excellence. As a result of these unexpected and unpredictable disruptions securing capacity on this lane is currently coming at a significant cost increase.
In response Swire Shipping has introduced an Emergency Export Surcharge (EXS) for this lane. Access to capacity for cargo departing Asian hubs is now again tightening with space only accessible at significant premiums. As a result Swire Shipping will further increase the applicable westbound Emergency Export Surcharge (EXS) from June 3rd per the table below. EXS will continue to be invoiced to the freight payer.
Date | Tradelane | Dry/Reefer 20’ | Dry/Reefer 40’ |
From 22/04/24 to 2/06/24 | World to Northern Europe, Scandinavia, UK, Mediterranean, Black Sea, North Africa, and Red Sea ports | USD 1200 | USD 2100 |
World to Middle East / Indian Sub-continent | N/A | N/A | |
From 3/06/24 | World to Northern Europe, Scandinavia, UK, Mediterranean, Black Sea, North Africa, and Red Sea ports | USD 1950 | USD 3600 |
World to Middle East / Indian Sub-continent | USD 225 | USD 450 |
Swire Shipping will continue to evaluate the impact of the situation with hope to withdraw the EXS as soon as operationally feasible; however, please note that it may also increase.
We appreciate your understanding and cooperation during this challenging time, and Swire Shipping remains committed to taking all necessary steps to deliver cargo as intended.
Should you have any questions, please contact your local Swire Shipping representative.