Business Featured Finance Industry & Commerce Shipping

Shipowners, others kick over new levy

Shipowners, others kick over new levy

Stakeholders operating in the nation’s maritime sector have rejected an overweight cargo surcharge newly introduced by a shipping firm, CMA CGM.

The $250 surcharge (N115,175 using the CBN official rate ) was imposed on cargoes destined for Nigeria.

The shipping company had announced the overweight surcharge for cargo coming from Asia and India East Coast to Nigeria with effect from April 28, 2023.T

he French ocean carrier said Nigerian importers would pay ‘an overweight surcharge of $250 per TEU on dry containers with a container gross weight equal to or more than 18 tons from China, South East Asia, North East Asia, and the East Coast of India to Apapa, Tin-Can and Onne ports.”

CMA CGM said that the surcharge would be applicable to short-term contracts of three months and below.

Reacting to the development, a shipowner and President of the Nigerian Chamber of Shipping, Aminu Umar, said, “Why will they consider a TEU above 18tons as an overweight cargo? TEUs are supposed to be like 24tons which is the manufactured weight. That means they just clearly added that charge on us. So it is really bad I think the Nigerian Shippers Council should intervene there, it is not fair.”

While calling for government intervention, he said, “Why only us? There are other places that are loading more than that and TEUs are supposed to be up to 24 to 25 tons. So I don’t know how come 18 tons become overweight. So I do not think it is allowed and the Nigerian Shippers Council which is the economic regulator is supposed to take it up. And I am sure they are supposed to do that if all the shippers write to them. I am sure they will disapprove the charge.”

Also, a member of the National Association of Government Approved Freight Forwarders, Nnadi Ugochukwu, said, “It’s normal in shipping that if your consignment is overweight, they will charge a little but I don’t know what the CGM is doing. For instance, their standard weight might be 25 tons and you now bring a consignment of 30 tons, they will charge you something higher above their standard weight.”

Related posts

We’ve N10bn outstanding accrued rights to pay 10,000 retirees – LASG

Our Reporter

Air Peace Acquisition of Brand New Planes in Line with FG’s Aviation Roadmap- Sirika

Editor

COVID-19: N511bn pension fund investment in stock market at risk amidst foreigners’ exit

Our Reporter

Ekweremadu hails Super Eagles on victory over Iceland

Editor

Military foils 419 vandalism attempts on oil export pipelines – Commander

Abisola THOMPSON 

40% of January oil revenue spent on assets, projects– NNPC

Our Reporter