Maersk, one of the world's largest shipping companies, has announced additional charges for container transport from Asia following its decision to reroute ships away from the Suez Canal. The company's vessels will take the longer journey around Africa due to multiple attacks in the southern Red Sea and the Gulf of Aden. The extra charges include an immediate Transit Disruption Surcharge (TDS) to cover the additional costs associated with the longer journey and a Peak Season Surcharge (PSS) from January 1. For a standard 20-foot container from China to Northern Europe, the extra charge is $700, comprising a $200 TDS and a $500 PSS. Maersk cited "severe operational disruption" as the reason for the surcharges. Other shipping companies, including Hapag-Lloyd and OOCL, have also opted to avoid the Red Sea due to recent attacks by Yemen's Houthi group.

SOURCE:GOOGLE