{"id":410923,"date":"2026-05-04T07:21:13","date_gmt":"2026-05-04T07:21:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/410923\/"},"modified":"2026-05-04T07:21:13","modified_gmt":"2026-05-04T07:21:13","slug":"freight-prices-soar-as-shipping-giant-ap-moller-maersk-faces-iran-costs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/410923\/","title":{"rendered":"Freight prices soar as shipping giant AP Moller &#8211; Maersk faces Iran costs"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/05\/4O4K8NF_image_crop_46136.jpeg\" width=\"1050\" height=\"695\" alt=\"The Maersk Antares at the Bridge Marina Pier A in Tauranga.\"\/><\/p>\n<p class=\"photo-captioned__information\">\nIntermodel transport involves the efficient movement of a container between two or more modes, such as rail, sea and road.<br \/>\nPhoto: Andrew Campbell.\n<\/p>\n<p>Global transport company AP Moller &#8211; Maersk has raised some of its freight charges by 27 percent to cover a surge in global energy prices associated with the conflict in the Middle East.<\/p>\n<p>&#8220;With approximately 20 percent of global fuel passing through the Strait of Hormuz, current developments have created an unprecedented cost environment affecting Landside (Inland) and Intermodal operations,&#8221; it said in a statement.<\/p>\n<p>Customs Brokers and Freight Forwarders Federation of New Zealand chief executive Sherelle Kennelly said the costs were widespread across the industry, with the end user picking up the tab.<\/p>\n<p>&#8220;All charges in the supply chain do get passed on to the end user, so that&#8217;s where you see your pricing increases, in particular with fuel at the pump, but also grocery stores and things like that.<\/p>\n<p>&#8220;What we&#8217;re seeing at the moment is a continuation of the fuel related surcharge [that] has been introduced across the global shipping industry.<\/p>\n<p>&#8220;The New Zealand intermodal fuel fee is part of that wider trend, rather than an isolated change.&#8221;<\/p>\n<p>Intermodel transport involves the efficient movement of a container between two or more modes, such as rail, sea and road.<\/p>\n<p>&#8220;To ensure service continuity, safeguard cargo integrity, and secure sufficient vendor capacity across our network, AP Moller &#8211; Maersk will implement temporary, cost reflective energy\/fuel price adjustments on Landside transportation.<\/p>\n<p>&#8220;Given the volatility of the current energy market, further adjustments may be required as conditions evolve.&#8221;<\/p>\n<p>Kennelly said the market will continue to see increases until the conflict settles down and trade returns to normal.<\/p>\n<p>Westpac chief economist Kelly Eckhold said central banks were starting to sound the alarm as the war on Iran dragged on.<\/p>\n<p>He said while the surcharge could be removed, indications were oil prices would continue to increase.<\/p>\n<p>Eckhold said New Zealand was a small country at the end of the supply chain and lacked the economies of scale of larger countries.<\/p>\n<p>Government committed to minimising impact &#8211; Associate Transport Minister<\/p>\n<p>The Associate Transport Minister said flow on effects from the world wide fuel crisis was putting more pressure on household budgets.<\/p>\n<p>James Meager said the government couldn&#8217;t control global oil markets or international conflicts, but said it was committed to minimising the impact as much as possible by providing targeted support to those most affected<\/p>\n<p>He said the government was taking measured action, and sticking to a careful economic plan is how the country could get through this global shock.<\/p>\n<p>Diesel and jet fuel stocks were up, <a href=\"https:\/\/www.rnz.co.nz\/news\/political\/594192\/diesel-and-jet-fuel-stocks-up-petrol-remains-the-same-latest-data-shows\" rel=\"nofollow noopener\" target=\"_blank\">according to the latest government update on fuel supplies<\/a>. The country had about 52 days of petrol, nearly 53 days of diesel and nearly 59 days of jet fuel.<\/p>\n<p>Three ships were within two days of arriving, and another nine were less than three weeks away.<\/p>\n<p><a href=\"https:\/\/radionz.us6.list-manage.com\/subscribe?u=211a938dcf3e634ba2427dde9&amp;id=b3d362e693\" rel=\"nofollow noopener\" target=\"_blank\">Sign up for Ng\u0101 Pitopito K\u014drero<\/a>, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.<\/p>\n","protected":false},"excerpt":{"rendered":"Intermodel transport involves the efficient movement of a container between two or more modes, such as rail, sea&hellip;\n","protected":false},"author":2,"featured_media":410924,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[48,138,47,111,43,139,69,49,46,44,45],"class_list":["post-410923","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-audio","tag-business","tag-current-affairs","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-podcasts","tag-public-radio","tag-radio-new-zealand","tag-rnz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/410923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=410923"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/410923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/410924"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=410923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=410923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=410923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}