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EBOLA: European shipowners increase freight rates on Nigeria-bound cargoes

Shiloh

Editor, Senior Moderator
Source: http://www.vanguardngr.com/2014/09/...increase-freight-rates-nigeria-bound-cargoes/

EBOLA: European shipowners increase freight rates on Nigeria-bound cargoes
on September 01, 2014 / in Ebola Outbreak 1:02 am
By Godwin Oritse

FOLLOWING the out-break of the deadly Ebola Virus Disease in West Africa, European ship-owners have increased freight rates on cargoes and imposed surcharge on crew and vessels coming to Nigeria and other countries battling to contain the virus.

Disclosing this at the Nigerian Chamber of Shipping, NCS, in Lagos, President of the Chamber, Chief Adebayo Sarumi, said Nigerian importers expressed fears over a likely increase in the freight rate of cargoes to Nigeria as a result of the presence of Ebola virus in the country.

Sarumi said the fears had become a reality as the insurance rates had been increased, while surcharges had also been imposed.

Commenting on the increased freight rate, Director General of the Chamber, Mrs. Ify Akerele confirmed the development, saying the situation was very bad because Ebola was real.

Akerele explained that rates had been increased because Nigeria had become a high risk area, urging that government must do everything possible to bring the situation completely under control...
 
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