Shipper CMA CGM to slap on fuel surcharge over Hormuz crunch

By Reuters 22 July 2026, 8:55 am

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File: In this Oct. 18, 2021, photo the container ship CMA CGM Jules Verne, left, and other vessels are seen in queues from the Port of Los Angeles (AP Photo/Damian Dovarganes)

French shipping firm CMA CGM will impose an emergency fuel surcharge following the renewed escalation of hostilities in the Strait of Hormuz, effective August 1, it says in a notice posted on its website.

“Following the renewed escalation of hostilities in the Strait of Hormuz over the past days, fuel prices have surged sharply again, reversing the easing observed in recent weeks. As a result, bunker costs have significantly increased across all regions and trades, impacting the overall cost of ocean transportation,” the firm says.

The surcharge, which will range from $65 to $165 per container, will be in place until further notice. The notice from the world’s third-largest shipping firm was dated on Tuesday but was sent in an email to reporters on Wednesday.