BREAKING: Shippers’ Council CEO Directs Shipping Companies To Suspend Charges Review, Engage Stakeholders

Nigeria’s port economic regulator, the Nigerian Shippers’ Council (NSC), has directed shipping companies and shipping agents operating in the country to suspend and refrain from implementing any review or upward adjustment of their charges until they have fully engaged and carried along their relevant stakeholders.

A senior official of the council, who spoke with journalists on condition of anonymity on Tuesday, said the Executive Secretary/Chief Executive Officer of the Council, Dr. Pius Akutah (MON), stated that the Council will not tolerate arbitrary or unilateral review of tariffs by shipping service providers.

The Executive Secretary/CEO further warned that the Council is empowered under its regulatory mandate to apply appropriate sanctions against defaulting operators, including enforcement measures provided for under relevant regulatory frameworks.

He assured that the Nigerian Shippers’ Council remains committed to protecting the interests of port users, promoting fair competition, and ensuring a balanced and predictable business environment within the Nigerian maritime industry.