ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports business
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Healthconomy
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports business
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Healthconomy
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Uncategorized

World’s 5th largest shipping firm increases freight rates to Nigeria

Benjamin Joshua by Benjamin Joshua
February 20, 2019
in Uncategorized
1
World’s 5th largest shipping firm increases freight rates to Nigeria

Fifth Largest shipping company in the world, Hapag-Lloyd, has increased its freight rate with the review of Peak Season Surcharge (PSS) on all container types originating from anywhere in the world to Tin Can Island, and Apapa ports in Lagos, Nigeria.

The review it said is to enable it, “maintain a continued high level of service.”

The German-based firm, in a memo obtained by The Guardian Friday, however excluded the consignment from the United States of America in the rate review.
Carriers charge a Peak Season Surcharge (PSS) when they are at near or full capacity.

The growing demand leads to lack of space on vessels and increasing costs for supplying sufficient equipment. Carriers can implement this surcharge any time and at any level until further notice.

In practice, PSS functions like the General Rate Increase (GRI). It is usually announced as an additional fee on top of the base rate, although it may be cancelled or mitigated at a lower rate.

Hapag-Lloyd said the PSS would become effective from March 1, 2019, until further notice for all origins (excluding USA).

It added that consignments from USA would also pay PSS from March 15, 2019 until further notice.

According to the company, a 20-foot and 40-foot containers from China, Taiwan, Hong Kong, and Macau would pay $700 PSS each; while those from USA and U.S. territories would pay $700 each from March 15; and those coming from the rest of the world would pay €610 on the consignment.

Meanwhile, the leading shipping firm, Maersk also introduced PSS taking effect from February 15, but excluded TinCan, Apapa and Onne Ports in Nigeria.

It stated: “Maersk is introducing the Peak Season Surcharge for all cargo from Pakistan to West Africa countries (excluding Tin Can Island Port, NG, Apapa, NG and Onne, NG) with effective from 15th February 2019.”
Hapag-Lloyd had in November last year introduced PSS for all container types to Nigeria at the rate of $505 and $450 each.

It has a fleet of 222 modern container ships and a total transport capacity of 1.6 million TEU (Twenty Foot Equivalent Unit).

Source: The Guardian

Previous Post

Federal Govt. commissions N146m solar power plant in Sokoto

Next Post

Bankers prospect Creative Industry, IT sector for investment opportunities

Benjamin Joshua

Benjamin Joshua

Next Post
Firm to reshape Africa’s digital future

Bankers prospect Creative Industry, IT sector for investment opportunities

Comments 1

  1. StevAbsete says:
    4 years ago

    Fosamax Levitra En La Farmacia cialis But Amoxicillin Cheapest Dutasteride Free Shipping Worldwide Levaquin Website

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

August 10, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Operators say new bill threat to telecoms investment

Nigeria’s Mobile Subscriptions Decline by Three Million

June 6, 2023
Petrol subsidy may hit N11.2bn per week, Reps condemn $750m annual loss to gas flaring

Fuel importation: Marketers demand equal access to forex for equal pricing

June 6, 2023
Aviation: IATA urges Nigerian Airlines to take advantage of Single African Air Transport Market (SAATM)

Nigeria’s outstanding debt of $812.2 Million contributes to $2.27 bn in Blocked Funds for Airlines – IATA

June 6, 2023
Tech Firms unveil plan for ‘Space – based ‘ 5G Network

5G Tech to generate 22.3m Jobs, yield $13.2trn in global economy – NCC

June 6, 2023
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • AI
  • Art
  • Arts
  • Aviation
  • Blockchain
  • Business 360 Weekly
  • Business Travels
  • Capital Market
  • Corporate
  • Destination Business
  • Economy
  • Education
  • Electric Vehicles
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • Fashion
  • Fashion
  • Finance
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • News
  • NGOs
  • Political Economy
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tech
  • Tourism
  • Transportation
  • Uncategorized
  • World

Recent News

Operators say new bill threat to telecoms investment

Nigeria’s Mobile Subscriptions Decline by Three Million

June 6, 2023
Petrol subsidy may hit N11.2bn per week, Reps condemn $750m annual loss to gas flaring

Fuel importation: Marketers demand equal access to forex for equal pricing

June 6, 2023
  • Africa
  • World
  • Our Shows

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports business
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Healthconomy
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!