It will increase its piracy risk surcharge by $100
Mediterranean Shipping Co. said it will put a new piracy surcharge into effect on containers it transports between ports in South Africa and East Africa beginning in March.
The Geneva-based carrier said it is implementing the surcharge because "piracy activities are becoming more and more aggressive, consequently the insurance costs on the vessels to the region have become prohibitive." MSC said the increasing incidence of hijacking has
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