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Update: Westbound Emergency Export Surcharge (EXS) recovery effective 2nd December 2024

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29/11/2024

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29/11/2024

Due to the escalating 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 of the Indian Subcontinent 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. Due to carriers implementing rate hikes by limiting sailings in December, we will adjust the applicable Westbound EXS rates effective 02 December 2024, as detailed in the table below. The EXS will continue to be invoiced to the freight payer.

Bill of Lading Date  TradelaneDry/Reefer 20’Dry/Reefer 40’
From 07/10/2024 to 03/11/2024World to Northern Europe, Scandinavia, UK, Mediterranean, Black Sea, North Africa, and Red Sea ports USD 1300USD 2600
World to Indian Sub-continentUSD 200 USD 400
World to Cochin, Colombo, Tuticorin and Middle EastUSD 400USD 800
From 04/11/2024 to 01/12/2024 World to Northern Europe, Scandinavia, UK, Mediterranean, Black Sea, North Africa, and Red Sea ports USD 1500USD 3000
World to Indian Sub-continent USD 200USD 400 
World to Cochin, Colombo, Tuticorin and Middle EastUSD 400USD 800 
 
From 02/12/2024
 		 World to Northern Europe, Scandinavia, UK, Mediterranean, Black Sea, North Africa, and Red Sea ports USD 2200USD 4400 
World to Indian Sub-continentUSD 400  USD 800
World to Cochin, Colombo, Tuticorin and Middle East USD 800 USD 1600

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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