Shipping firms defend freight hike, cite inflation and FX pressures

By Godwin Oritse The Shipping  Association of Nigeria (SAN) has defended the recent increase in shipping and freight charges, attributing the adjustment to persistent inflationary pressures and volatility of the Naira against the US dollar and other foreign currencies. The association maintained that the rising cost environment has significantly impacted operational expenses across the maritime sector. […] The post Shipping firms defend freight hike, cite inflation and FX pressures appeared f...

By Urowayino Jeremiah