SENSEX
NIFTY
GOLD
USD/INR

Weather

image 17    C

Economy News

The Economic Times

Economy / The Economic Times

details

Emergency Conflict Surcharge ups shipping costs for traders

Shipping costs are increasing as carriers implement an Emergency Conflict Surcharge. This charge applies to cargo passing through the Strait of Hormuz and the wider Middle East. One major shipping company is adding between $2,000 and $4,000 per container. More operators are expected to follow suit. This impacts India's imports of crude oil and fertilizers. Traders anticipate further cost hikes.

3 Mar 2026 12:14 am