Update: Westbound Emergency Export Surcharge (EXS) recovery effective 24 June 2024
Update: Westbound Emergency Export Surcharge (EXS) recovery effective 24 June 2024
20/06/2024
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. Access to capacity for cargo departing Asian hubs is again tightening with space only accessible at significant premiums. As a result Swire Shipping will apply a further increase to the applicable westbound Emergency Export Surcharge (EXS) from June 24th 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 to 23/06/24 | 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 | |
From 24/06/24 | World to Northern Europe, Scandinavia, UK, Mediterranean, Black Sea, North Africa, and Red Sea ports | USD 2700Â | USD 5100Â |
World to Middle East / Indian Sub-continent | USD 225Â | USD 450Â | |
 World to Cochin, Colombo, and Tuticorin | USD 1500 | USD 3000 |
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 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.