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Panalpina applies War Risk Surcharge for Strait of Hormuz

Panalpina applies War Risk Surcharge for Strait of Hormuz

News   •   Jul 08, 2019 18:50 GMT

Panalpina, the world’s fourth largest provider of ocean freight services is applying a War Risk Surcharge for the Strait of Hormuz as a result of significantly increased insurance premiums for all vessel operators going through the busy waterway.