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Maersk latest shipping firm to halt Gulf cargo bookings as Iran conflict pushes up insurance costs
JEDDAH: Danish shipping giant Maersk has suspended cargo bookings to and from several Gulf markets in light of the war in Iran, becoming the latest logistics company to reassess its operations in the region. The firm has halted new business related to the UAE, Kuwait, and Qatar, as well as Iraq, Bahrain, parts of Saudi Arabia and most ports in Oman “until further notice” after a fresh risk assessment. In a statement, Maersk added that “exceptions will be made for critical foodstuff, medicine and other essential goods,” and the measure does not apply to Jordan and Lebanon.
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arabnews.com
Supply chains reel as carriers halt Gulf routes and impose war risk surcharges in response to Iran-US conflict
RIYADH: Global supply chains were disrupted on March 2 as the US-Iran conflict forced shipping lines and airlines to suspend routes, reroute traffic, and impose emergency…
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theguardian.com
Maritime insurers cancel war risk cover in Gulf as Iran conflict disrupts shipping
Strait of Hormuz is effectively closed and vessels rerouted, sending some freight costs surging
