A shipping company that operates in Nigeria, Hapag-Lloyd, has increased its freight rate with the review of its 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 German-based firm, which is also the fifth largest
Import & Export
US tariffs could cost German automakers $7 billion a year
Maersk launches instant booking confirmation
“Milestone for the entire industry” eliminates delays and gives customers visibility to sailing options. A.P. Møller – Maersk says its customers now can complete their bookings within seconds compared to previous waiting times of up to two hours. Eliminating this delay is a top priority for Maersk, the company said in its
California port drivers, warehouse workers strike
Action targets XPO Logistics and NFI Industries operations over a wide area of Southern California. Drayage truck drivers, warehouse workers and their supporters are participating in protests around the Ports of Los Angeles and Long Beach and other locations in Southern California Monday aimed at ending what they say is exploitation
US ports fear tariffs could reduce ship traffic and jobs
Trucks travel along a loading dock at the Port of Long Beach, California. (AP Photo/Marcio Jose Sanchez) Ports and ground terminals in nearly every state handle goods that are now or will likely soon be covered by import tariffs. Port executives worry that this could mean a slowdown in shipping that
Nigeria: U.S.-China Trade War Worsens Nigeria’s Non-Oil Exporters’ Woes
Local non-oil exporters may have started feeling the heat of the trade war between global economic leaders. Although projections from international trade bodies showed that average tariffs on exports from Nigeria and Zambia might not go beyond 10 percent under the ordeal, the affected businesses are already decrying slow demand
Shipping Companies Abandon Vessels Without Restraint in Nigeria
Nigeria's waters have become a dumping ground for shipwrecks and the people living on the coastline say the unserviceable vessels abandoned by local and international shipping companies are making their lives hard. The main port of Lagos and Port Harcourt in the Niger Delta see the highest concentration of shipping traffic
Nigeria: Importers, Agents Groan Under 400% Hike in Cost of Container Haulage
Since the past 43 years when the Apapa port's access roads were constructed, the nation has never had it this bad. From a million potholes to the death traps, loss of multi-billion naira goods, dirty and polluted environment, yet relief appears still farther than expected. SULAIMON SALAU reports that the
Panalpina releases positive first-half 2018 results
Swiss forwarder Panalpina reported a first-half net profit of US$36.1 million, up 20.1 percent over 1H17. Gross profit (what some forwarders call net revenue) was up 10.6 percent for the half to $744.4 million, while operating profit (EBIT) jumped 30.2 percent to $54.7 million. This strong performance comes after a long
Lufthansa adding two 777 freighters
Lufthansa Cargo D-ALFB 777 Freighter The German airline’s cargo operation expects delivery of the Boeing planes in February and March Lufthansa will add two new Boeing 777 freighters to its cargo operation at the start of next year. The German airline said it is not yet finalized who will manage and operate the