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Update: Westbound Emergency Export Surcharge (EXS) recovery effective 4th Nov 2024

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01/11/2024

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01/11/2024

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, Red Sea, and some India Sub-Continent 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. Since, vessel spaces are tightening, Swire Shipping will increase the applicable Westbound EXS from 04/11/2024 as per the table below. EXS will continue to be invoiced to the freight payer.

Bill of Lading Date  TradelaneDry/Reefer 20’Dry/Reefer 40’
 From 23/09/2024 to 06/10/2024World to Northern Europe, Scandinavia, UK, Mediterranean, Black Sea, North Africa, and Red Sea ports USD 1500 USD 3000
World to Indian Sub-continentUSD 600 USD 1200
World to Cochin, Colombo, Tuticorin and Middle East USD 1600USD 3200
From 07/10/2024 to 03/11/2024World to Northern Europe, Scandinavia, UK, Mediterranean, Black Sea, North Africa, and Red Sea ports USD 1300USD 2600
World to Indian Sub-continentUSD 200 USD 400
World to Cochin, Colombo, Tuticorin and Middle EastUSD 400USD 800
 
 From 04/11/2024
 		World to Northern Europe, Scandinavia, UK, Mediterranean, Black Sea, North Africa, and Red Sea ports USD 1500USD 3000
 World to Indian Sub-continent USD 200USD 400 
 World to Cochin, Colombo, Tuticorin and Middle EastUSD 400USD 800 

Swire Shipping will continue to evaluate the impact of the situation with hope to reduce/withdraw the EXS as soon as operationally feasible; however, please note that it may also increase.

We appreciate your understanding and cooperation. Should you have any questions, please contact your local Swire Shipping representative.

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