CMA CGM will increase its piracy risk surcharge for transporting containers through the Gulf of Aden next month, the French carrier said Tuesday.

The company said the transit of containerships through the Gulf of Aden
in both directions is subject to high costs caused by the prevailing
risks of piracy in the area.

CMA CGM’s action comes as the number of pirate attacks in the Gulf of
Aden and the seas off the Horn of Africa has increased sharply since
the end of the three-month-long monsoon season in the Indian Ocean in
September.

The carrier said it follows best practices to evade pirate attacks when
passing through the Gulf of Aden, including steaming at faster speed,
following evasive routes and joining convoys protected by coalition
warships under the Atalanta scheme whenever possible.

CMA CGM will boost its prevailing Aden Gulf surcharge to $41 per
20-foot container, which will be implemented on all containers
transiting this area effective Dec. 15.

The carrier said the surcharge is in addition to any short-term or
long-term rate agreement already concluded with customers or to be
concluded.

Source: Journal of Commerce

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