Latest news

Shipping Costs Hike: Asia-W. Africa Route Surcharge


Effective June 15, CMA CGM Shipping Lines will commence the collection of a $1,200 Peak Season Surcharge per twenty-foot equivalent unit of containers on West African-bound cargoes, including Nigerian cargoes coming from Asia.

The company, in a notice issued to customers, said the surcharge reflects broader market dynamics as carriers respond to seasonal cargo surges and operational cost pressures along the Asia–Africa trade corridor.

Other destination markets affected by the surcharge include key ports like Côte d’Ivoire, Benin, Ghana, Togo, and Equatorial Guinea, as well as the South Range, which covers Angola, Congo, the Democratic Republic of the Congo, Namibia, Gabon, and Cameroon.

According to the shipping company, the surcharge will apply to dry cargo transported under short-term contracts “from Northeast Asia, Southeast Asia, China, and the Hong Kong & Macau Special Administrative Regions”.

The firm explained that the surcharge is “in addition to basic freight rates and does not cover other applicable costs such as bunker-related fees, terminal handling charges, and safety or security surcharges.”

Meanwhile, the company has imposed a separate surcharge on cargo from China destined for countries in West Africa’s North Range, which includes Liberia, Senegal, Mauritania, Gambia, Guinea, Sierra Leone, Guinea-Bissau, Cape Verde, and São Tomé & Príncipe.

The company said the surcharge for these destinations is set at $1,600 per 20-foot container, with charges for 40-foot containers remaining unchanged.

The shipping line emphasised that the updated charges exclude additional costs, including basic freight, bunker adjustment factors, THC, and safety and security surcharges.

“The surcharge adjustments are in response to seasonal market pressures and are intended to ensure uninterrupted service along one of the world’s busiest trade corridors during peak shipping periods,” the company stated.

It reiterated that the changes are part of its ongoing commitment to providing “reliable and efficient services” amid peak demand.

Tags :

Related Posts

Must Read

Popular Posts

The Battle for Africa

Rivals old and new are bracing themselves for another standoff on the African continent. By Vadim Samodurov The attack by Tuareg militants and al-Qaeda-affiliated JNIM group (Jama’a Nusrat ul-Islam wa al-Muslimin) against Mali’s military and Russia’s forces deployed in the country that happened on July 27, 2024 once again turned the spotlight on the activities...

I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...