Global shipping giant, CMA CGM has announced the implementation of a Peak Season Surcharge (PSS) per twenty-foot equivalent unit (TEU) on dry cargo shipments originating from North East Asia, South East Asia, China and the Hong Kong and Macau SAR, destined for ports in Nigeria and across West Africa.

Importers and exporters of the direct weekly shipping link between major European and Asian markets to Tin Can Island Port, Lagos and Onne port, Rivers State will pay a $400 surcharge, which will take effect from June 1, 2025.

The company said the surcharge is in addition to standard freight rates and may be accompanied by other applicable charges, including bunker-related surcharges, terminal handling charges (THC) at both origin and destination, and safety and security fees.

The shipping line stated that the surcharge applies exclusively to dry cargo under short-term contracts and is part of the shipping line’s strategy to maintain service reliability and operational efficiency during the peak shipping period, which typically sees a significant surge in cargo volume.

According to the notice issued by the company, the surcharge will remain in place until further notice.

This development is expected to impact West African importers and exporters who rely heavily on maritime trade with Asia, particularly for consumer goods, electronics and industrial materials.