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Tag / Iraq

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.

Panalpina wins large five-year contract with oil and gas major for Iraqi project

Panalpina wins large five-year contract with oil and gas major for Iraqi project

News   •   Aug 08, 2017 09:15 GMT

​Panalpina has gained its largest award with a specific oil and gas major to date. The company was awarded with a long-term contract to manage transportation for a gas project in Iraq. The contract will run over a minimum of five years and involve high air and LCL (less than container load) ocean freight volumes. Work has already begun.