Maersk Line increases China-Lagos shipping rates

Rates on Nigerian bound cargoes aboard Maersk Line vessels from Far East ports of Shangai, Qingdao and Hong Kong in China to Apapa port in Lagos shall be increased from August 1, 2018, said the shipping line.

In a press statement, the shipping line announced the increase in Freight All Kinds (FAK) rates, saying the new rates were in line to continue to offer its customers a broad portfolio services.

According to the website, “As Maersk Line strives to continue to offer you a broad portfolio of services, we are announcing an increase in FAK rates (Freight All Kinds). Below are the FAK rates for a sample list of corridors, commodities and container types where the rate increase is effective, ” said Maersk Line.

The new rates are in the US dollar. Shangai to Apapa: 20DC (2475), 40DC (4250) and 40High (4250). Qingdao to Apapa: 20DC (2600), 40DC (4500) and 40High (4500). Hong Kong to Apapa: 20DC (2500), 40DC (4200) and 40High (4200).

The shipping line noted that the above rates are inclusive of Basic Freight Rate (BAS), Bunker Adjustment Factor (SBF), Emergency Risk Surcharge (ERS). It added the rates are subject to Terminal Handling Charges (THC) and Peak Season Surcharge (PSS). Detailed levels of THC and PSS can be found here. The above rates are also subject to other applicable surcharges. Other corridors, commodities and container types (including reefers) that are not listed above may also be subject to increases. These rates are unaffected by, and do not affect, any tariff notified, published or filed in accordance with local regulatory requirements.

It noted that for trades subject to the US Shipping Act or the China Maritime Regulations, quotations or surcharges that vary from the Maersk Line tariff shall not be binding on Maersk Line unless included in a service contract or service contract amendment that has been filed with the Federal Maritime Commission (FMC) or the Shanghai Shipping Exchange, as applicable.

“We would like to take this opportunity to say thank you for doing business with us. As the world’s leading shipping company, we strive to be your reliable shipping partner, propelling your business forward and supporting your growth ambitions. If you have any questions, please feel free to reach out to your local sales or customer service representative,” said Maersk Line.

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