SHIPPING lines are imposing surcharges on goods bound for Nigeria to offset the costs of diverting ships to longer routes due to Houthi drone and missile attacks in the Red Sea, reports Lagos's Businessday Nigeria.
Maersk, Hapag-Lloyd and CMA CGM are among shipping lines that have placed surcharges on Nigerian-bound cargoes.
As a result, Nigerian businesses are now paying more to bring raw materials and finished goods into the country.
Maersk, one of the biggest shipping lines that bring goods into Nigeria, said it will impose a fresh surcharge on import containers this June following the increasing impact of the Red Sea attacks on global supply chains.
This fresh surcharge comes a few months after Maersk applied a US$150 Peak Season Surcharge per TEU on Nigeria-bound boxes from China, Japan, Taiwan and other Asian countries.
In mid-May, Hapag-Lloyd, a German ocean carrier, started implementing surcharges on cargo coming from Asia to various destinations across Africa including Nigeria.
Another major shipping line that brings cargo into Nigeria, CMA CGM, also imposed a $150 per TEU surcharge on Nigerian-bound cargoes.
'Placing fresh surcharges on imported goods has increased shipping cost into the country as importers paying as much as $5,000 and $7,000 per TEU and FEU from Asia to Nigeria would now pay an additional $500 or more in some cases,' said Tony Anakebe, managing director of Gold-Link Investment.
Citing an example, Mr Anakebe said shipping lines have also increased charges on reefer containers from N126,000 (US$85) to N160,000 which is aside from demurrage charges that increased from N58,000 to N65,000.
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Maersk, Hapag-Lloyd and CMA CGM are among shipping lines that have placed surcharges on Nigerian-bound cargoes.
As a result, Nigerian businesses are now paying more to bring raw materials and finished goods into the country.
Maersk, one of the biggest shipping lines that bring goods into Nigeria, said it will impose a fresh surcharge on import containers this June following the increasing impact of the Red Sea attacks on global supply chains.
This fresh surcharge comes a few months after Maersk applied a US$150 Peak Season Surcharge per TEU on Nigeria-bound boxes from China, Japan, Taiwan and other Asian countries.
In mid-May, Hapag-Lloyd, a German ocean carrier, started implementing surcharges on cargo coming from Asia to various destinations across Africa including Nigeria.
Another major shipping line that brings cargo into Nigeria, CMA CGM, also imposed a $150 per TEU surcharge on Nigerian-bound cargoes.
'Placing fresh surcharges on imported goods has increased shipping cost into the country as importers paying as much as $5,000 and $7,000 per TEU and FEU from Asia to Nigeria would now pay an additional $500 or more in some cases,' said Tony Anakebe, managing director of Gold-Link Investment.
Citing an example, Mr Anakebe said shipping lines have also increased charges on reefer containers from N126,000 (US$85) to N160,000 which is aside from demurrage charges that increased from N58,000 to N65,000.
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