Manufacturers in Nigeria are staring at fresh cost shocks after some of the world’s largest shipping lines imposed new surcharges on cargo from China, the country’s biggest source of imports, threatening to further erode margins at a time when weak consumer demand leaves little room to raise prices.
Within weeks of each other, at least three global carriers announced new charges on shipments from China and other Asian markets to Nigeria and West Africa.
Maersk is levying $1,000 per 20ft container and $2,000 per 40ft box on the China-Nigeria corridor from June 1. CMA CGM raised its surcharge to $750 per 20ft equivalent unit from June 8, having set the charge at $600 just a week earlier. Hapag-Lloyd applied a $200-per-TEU surcharge from mid-May, while Ocean Network Express (ONE) has added an emergency fuel surcharge on imports to the Apapa Port from Shanghai on top of existing charges.
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