GSA warns of higher Shipping costs and delays amid Global Maritime disruptions

The Ghana Shippers Authority (GSA) has cautioned importers and exporters in Ghana to expect higher shipping costs and potential delays following disruptions to global maritime trade caused by the escalating conflict involving the United States, Israel, and Iran.

In a notice to shippers, the Authority said the conflict, which intensified on February 28, 2026, has significantly affected vessel movement through the Strait of Hormuz, one of the world’s most important maritime trade routes.

“The conflict has resulted in significant disruptions to maritime traffic in the Strait of Hormuz, one of the world’s most critical maritime trade corridors,” the notice stated.

Analysis by the United Nations Conference on Trade and Development (UNCTAD) shows that the Strait carries roughly one-quarter of global seaborne oil trade, significant volumes of liquefied natural gas, and about one-third of global seaborne fertilizer trade. The GSA warned that any disruption could have widespread consequences for global supply chains, energy markets, and agricultural inputs.

Several major international shipping lines have already adjusted operations due to security concerns, suspending or rerouting vessel movements. Many ships are now diverting around the Cape of Good Hope in South Africa, which significantly increases sailing distances and operational costs.

As a result, shipping companies have introduced war-risk and emergency surcharges for cargo moving through affected regions. The Authority noted that this is a common industry practice intended to offset rising insurance premiums and other costs associated with navigating high-risk maritime areas.

Industry estimates indicate that war-risk surcharges could range between $1,500 and $2,000 per twenty-foot equivalent unit (TEU), with additional fees for larger or refrigerated containers.

The GSA emphasized that it does not impose these charges, stating: "It must be clearly stated that the Ghana Shippers’ Authority has not and does not impose surcharges on shipments on behalf of shipping lines."

The Authority is also investigating reports on social media suggesting that surcharges were applied prematurely, before the escalation of the conflict, and pledged to address any unfair practices.

The GSA said it will continue to monitor global shipping developments and provide updates to Ghana’s shipping and logistics sector to help stakeholders navigate potential freight rate increases, longer transit times, and supply chain disruptions.