A German shipping line, Hapag-Lloyd has introduced a new container surcharge at the Lagos and Tincan Island ports.
The shipping line said it would increased its freight rate from March, 2019 with the review of Peak Season Surcharge (PSS) on all container types originating from anywhere in the world to the ports in Lagos.
The liner further explained that a 20-feet and 40-feet containers from China, Taiwan, Hong Kong and Macau would attract $700 PSS each, while containers of the same types from America and United States territories would attract $700.
It added that those coming from the rest of the world would pay 610 euros on the consignment.
Also, the liner 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.
However, the company excluded the consignment from the United States of America in the rate review. 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.
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.
Already, Maersk has introduced PSS taking effect from February 15, but excluded TinCan, Apapa and Onne Ports in Nigeria.