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Update: Westbound Emergency Export Surcharge (EXS) recovery effective 15th July 2024

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Update: Westbound Emergency Export Surcharge (EXS) recovery effective 15th July 2024

12/07/2024

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 July 15th per the table below. EXS will continue to be invoiced to the freight payer.

DateTradelaneDry/Reefer 20’Dry/Reefer 40’
 From 24/06/24 to 30/06/24World to Northern Europe, Scandinavia, UK, Mediterranean, Black Sea, North Africa, and Red Sea portsUSD 2700 USD 5100 
 World to Middle East / Indian Sub-continentUSD 225 USD 450 
World to Cochin, Colombo, and TuticorinUSD 1500 USD 3000 
 From 1/07/24 to 14/07/24 World to Northern Europe, Scandinavia, UK, Mediterranean, Black Sea, North Africa, and Red Sea ports USD 2850 USD 5400
World to Middle East / Indian Sub-continentUSD 500  USD 1000
 World to Cochin, Colombo, and Tuticorin USD 1500USD 3000
 From 15/07/24
 		 World to Northern Europe, Scandinavia, UK, Mediterranean, Black Sea, North Africa, and Red Sea ports USD 4650USD 9000 
 World to Middle East / Indian Sub-continentUSD 1000 USD 2000
 World to Cochin, Colombo, Jebel Ali, and TuticorinUSD 2000 USD 4000

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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