CMA CGM Adds USD 35/TEU War Risk Surcharge for Black Sea
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The signal
CMA CGM has announced a USD 35 per TEU (USD 70 for 40-foot containers) war risk surcharge effective November 9, 2026, for all cargo moving to and from Black Sea ports including Constanța, Varna, Burgas, and Poti. The surcharge reflects the Joint War Committee's September 2026 designation of the Black Sea maritime zone as a war risk area, driven by recent drone attacks on cargo vessels and elevated insurance costs associated with operating in the region.
This marks a structural shift in the cost of doing business through the Black Sea, one of Europe's most critical trade gateways for Central European and Inland markets. For freight forwarders and shippers, while the surcharge itself is modest relative to total freight costs, it signals that Black Sea operations are becoming less predictable and more expensive.
If competitors such as MSC follow suit (as historical precedent suggests), the surcharge will apply to the majority of containers transiting these ports, effectively raising the baseline cost of regional trade.
Companies affected by this story:
Frequently Asked Questions
What This Means for Your Supply Chain
What if war risk surcharges spread to all major carriers on Black Sea routes?
Simulate the impact of competing ocean carriers (MSC, Maersk, Hapag-Lloyd) implementing identical or similar USD 35 per TEU war risk surcharges on Black Sea trade lanes. Model the cost increase for shipments destined to Romania, Bulgaria, Georgia, and inland markets served by these ports. Estimate the total cost impact on annual freight spend for importers and exporters reliant on Black Sea logistics.
Run this scenarioWhat if shippers shift volume away from Black Sea ports to avoid surcharges?
Model the impact of supply chain rerouting if war risk surcharges on Black Sea ports encourage shippers to divert container volume to alternative European entry points such as Mediterranean ports (Barcelona, Hamburg, Rotterdam). Analyze capacity constraints, transit time increases, and cost implications for shipments originally destined to Central European and Inland markets. Estimate reduced throughput at Constanța and assess implications for Romanian port revenue.
Run this scenarioWhat if insurance premiums for Black Sea operations increase further?
Simulate the scenario where Joint War Committee continues to assess risk escalation, leading to higher insurance classifications and additional cost pressures. Model the cumulative impact of war risk surcharges combined with elevated bunker costs, peak season charges, terminal handling charges, and safety surcharges on total freight costs. Estimate break-even points where alternative logistics networks become economically preferable.
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