Schlumberger, PepsiCo Face Venezuela War Risk Costs — Panjiva
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Schlumberger, PepsiCo Face Venezuela War Risk Costs

Corp - Shipping 1026 Industrials - Capital Goods 620 Info Tech - Tech Hardware 862 Mode - Containerized 1524 Mode - Seaborne 1845 Venezuela 68

Container shipping lines including Maersk and MSC have started to apply “War Risk Premium” surcharges on shipping to Venezuela following a tightening of sanctions by the U.S. Venezuelen importers can ill-afford the extra costs after containerized freight imports to Venezuela fell 48.3% year over year in 2018. The largest industry for imports in 2018 was capital goods, accounting for 36.2% of the total, including shipments for oil firm PdVSA and developer Schlumberger. Small products imported include plastics for PepsiCo.

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