IPBCC LINES REDUCE COLOMBO WAR RISK SURCHARGE
Member lines of the India Pakistan Bangladesh Ceylon Conferences said they have reduced their Colombo war risk surcharge to $150 per TEU, from $350 per TEU, for Sri Lankan local cargo.
The conference said it has started receiving confirmation from some underwriters of reductions in premiums levels, although.
IPBCC has also reduced the war risk surcharge for Colombo feeder operations. The revised surcharge is $30 per TEU.
Members lines are AWS (Ellerman), Bangladesh Shipping Corp. Ltd., Ceylon Shipping Corp. Ltd., CMA CGM S.A., Contship Container Lines Ltd, Hapag Lloyd Container Line, Himalaya Express, A.P. Moller-Maersk Sealand, Pakistan National Shipping Corp., P&O Nedlloyd Ltd., Rickmers Line, Safmarine, Senator Lines, Shipping Corp. of India Ltd., United Arab Shipping Co., Yangming Line, and Zim Israel Navigation Co. Ltd.