Close Menu
The North JournalsThe North Journals

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Funding Cuts Stall Nigeria’s HIV Vaccine Research, Experts Warn

    September 3, 2025

    Ndume Warns Against Religious Profiling of Boko Haram Victims

    September 3, 2025

    Kano Government Warns ACF Against Parallel Elders Council

    September 3, 2025
    Facebook X (Twitter) Instagram YouTube
    • ABOUT US
    • WORK WITH US
    • CONTACT US
    Wednesday, September 3
    Facebook X (Twitter) Instagram
    Subscribe
    The North JournalsThe North Journals
    • Home
    • Newsbeat
      • Agriculture
      • Art/Life
      • Business
      • Economy
      • Education
      • Entertainment
      • Health
      • Judiciary
      • News
      • Technology
      • Travel
      • Foreign
    • Editorial
    • Opinion
      • Diaries
    • Travelogue
    • Journals
      • Engineering
      • History
      • Law
      • Medicine
      • Politics
      • Research
      • Science
      • Climate Change
      • Psychology
      • Sociology
    • Documentaries
    • Guest Post
    The North JournalsThe North Journals
    Home » Nigerian Importers Face Higher Costs as CMA CGM Imposes $500 Peak Season Surcharge
    Business

    Nigerian Importers Face Higher Costs as CMA CGM Imposes $500 Peak Season Surcharge

    French shipping giant introduces new levy on cargo from Asia to West Africa starting September 15, raising concerns among freight forwarders and customs agents.
    Atoyebi AdenikeBy Atoyebi AdenikeSeptember 2, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    French shipping giant introduces new levy on cargo from Asia to West Africa starting September 15, raising concerns among freight forwarders and customs agents.
    French shipping giant introduces new levy on cargo from Asia to West Africa starting September 15, raising concerns among freight forwarders and customs agents.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Atoyebi Nike

    Nigerian importers are bracing for increased costs this season following the announcement of a $500 peak season surcharge by French shipping giant CMA CGM on cargo destined for Nigeria and other West African ports.

    In a notice published on its official website, the company disclosed that the new charges would apply to containers shipped from North-East Asia, South-East Asia, China, and Hong Kong & Macau SAR. The surcharge will come into effect on September 15, 2025, and remain in place until further notice.

    The shipping line clarified that the levy applies specifically to twenty-foot equivalent units (TEUs) of both dry and refrigerated cargoes under short-term contracts. “In a continued effort to provide our customers with reliable and efficient services, CMA CGM informs its customers of the following Peak Season Surcharge starting from September 15, 2025, until further notice. Origin: North-East Asia, South-East Asia, China, Hong Kong & Macau SAR. Destination: West Africa. Cargo: Dry & Reefer. Amounts: $500 per TEU. Applicable on short-term contracts,” the notice read.

    The development has already sparked reactions from industry stakeholders. Former interim National President of the Association of Nigerian Licensed Customs Agents (ANLCA), Mr. Pius Ujubuonu, described the surcharge as exploitative, accusing the Nigerian Shippers Council of failing to safeguard the interests of importers.

    “That is outright exploitation. Peak Season Surcharge should be beneficial to shipping companies due to increased trade volume during such periods. Instead, they are using it as an opportunity to penalize customers,” Ujubuonu, who now serves as ANLCA’s Head of Planning and Strategy, said. He further criticized the Shippers Council for not taking decisive measures, adding that his association would raise the issue with the regulatory body.

    See also  CAC Delays New Document Download Charges to September Over Portal Glitches

    Similarly, Mr. Segun Musa, Deputy President of the National Association of Government Approved Freight Forwarders (NAGAFF), warned that the new charge would add to the already high cost of doing business at Nigerian ports.

    “This surcharge will frustrate government efforts to reduce port-related expenses. It may appear small, but when you factor it into overall import costs, the impact becomes significant. Stakeholders need to review and discuss the broader implications,” Musa said.

    Industry experts caution that unless regulatory agencies intervene, the additional $500 fee per container could further strain Nigeria’s import-dependent economy, already grappling with high logistics and operational costs.

    CMA CGM freight forwarders international trade maritime sector Nigeria imports Nigerian Shippers Council peak season surcharge West Africa shipping
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Atoyebi Adenike
    • Website

    Related Posts

    Dangote Refinery Steps Up Fuel Exports as Gulf Supply Tightens

    September 2, 2025

    Nigeria to Unveil New Industrial Policy at West Africa IMT Summit 2025 in Lagos

    September 1, 2025

    Air Peace to Launch Direct Lagos–São Paulo Flights After Tinubu’s Brazil Visit

    August 26, 2025
    Leave A Reply Cancel Reply

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Our Picks
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss

    Funding Cuts Stall Nigeria’s HIV Vaccine Research, Experts Warn

    Health September 3, 2025

    By Atoyebi Nike Nigeria’s efforts to develop an HIV vaccine have slowed following the suspension…

    Ndume Warns Against Religious Profiling of Boko Haram Victims

    September 3, 2025

    Kano Government Warns ACF Against Parallel Elders Council

    September 3, 2025

    NUJ Kwara Chairman Urges UN to Strengthen Protection for Journalists

    September 3, 2025

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    The North Journals stands as a beacon of clarity, credibility, and intellectual rigor. As a dynamic and forward-thinking media organization, we seamlessly integrate real-time news updates with in-depth journalistic insights, ensuring our audience remains well-informed on global and local issues.

    Address: Abuja, Nigeria
    Email Us: info@thenorthjournals.com

    Our Picks
    New Comments
    • Isowo Peres on Crystal Palace Lifts First FA Cup in Historic Win
    • ‘Every village has a story’: the Ghanaian journalist walking thousands of miles to give voice to farmers and forgotten communities - Ecomedia Africa on ‘Every village has a story’: the Ghanaian journalist walking thousands of miles to give voice to farmers and forgotten communities
    • Home
    • Travel
    • Politics
    • Business
    • Buy Now
    © 2025 The North Journals. Designed by AkinMore.

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.