It has been confirmed that shipping companies are not looking to increase the Suez Canal surcharge for the moment, even after the supposed terrorist attach on the Cosco Asia.
Numerous reports have come about the supposed attack, none have been confirmed or denied as yet but as the shipping lines have not implemented any increased surcharge it can be assumed that the attacks have classed as a non-terrorist attack by the shipping companies.
Initial reports suggested that three people who opened fire on the vessel caused an explosion; the suspects have since been arrested. A second report has now suggested that the fire was caused by an exploding gas cylinder on board the vessel, and it seems the shipping companies have excepted the later as the cause. The fire on the vessel was extinguished and the vessel was held for inspection in the sea before being released as sea worthy.
Shipping companies have breathed a sigh of relief after this latest scare but it is expected within the industry that shipping companies will begin to increase surcharges for the general war surcharge along with the Suez surcharge, as the risk for terrorist attacks against the shipping companies become ever more so possible.
The Mediterranean between the Suez Canal and the straits of Gibraltar is becoming more volatile, and its predicted if an attack was to take place this would be the place it would be done. They would also want to make the maximum impact to get the worldwide exposure attacks like this desire.
While things are being put in place to try and avoid any such attacks, things could and probably will happen at some point in the future.
Eclipse Worldwide can only advise our customers to carry on shipping as normal but to insure all goods are insured, this would be vital in the case of any attack or even accident such as the one the Cosco Asia experienced. Please contact us to discuss in more details the different options you have when ensuring your goods, the cost is very minimal and will give your goods full protection.