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, and Red Sea 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 after Chinese New Year is showing improvement, and in recognition Swire Shipping will further reduce the applicable westbound Emergency Export Surcharge (EXS) from March 11th per the table below. EXS will continue to be invoiced to the freight payer.
| Date | Tradelane | Dry/Reefer 20’ | Dry/Reefer 40’ |
| BL Date to 14/01/24 | World to Northern Europe, Scandinavia, UK, Mediterranean, Black Sea, North Africa, and Red Sea ports  | USD 2850 | USD 5300 |
| From 15/01/24 to 4/02/24 | USD 3250 | USD 6100 | |
| From 5/02/24 to 18/02/24 | USD 2250 | USD 4100 | |
| From 19/02/24 to 25/02/24 | USD 1850 | USD 3400 | |
| From 26/02/24 to 10/03/24 | USD 1650 | USD 3000 | |
| From 11/03/24 | USD 1550Â | USD 2800Â |
Swire Shipping will continue to evaluate the impact of the situation with hope to withdraw the EXS as soon as operationally feasible; however, please note that it may also increase. The EXS will be reviewed on a fortnightly basis with the next update planned for March 22nd.
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.