Despite a presidential directive to Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA) to suspend further collection of petroleum products imports charges in dollars, Daily Sun findings have revealed the two agencies have continued to disregard the government order. According to a letter dated January 17, 2018,
Maritime
Panalpina profits soar on record airfreight volumes
The Swiss-based freight forwarder reported net earnings of 57.5 million Swiss francs (U.S. $60.6 million) on CHF 5.53 billion in net forwarding revenues during 2017, year-over-year increases of 9.9 percent and 6.5 percent, respectively. Panalpina saw its consolidated profits jump 9.9 percent to 57.5 million Swiss francs (U.S. $60.6 million) during
Seaport of NY/NJ growth continues in January
Nigerian Seaports Record 10% Lower Ship traffic Over Govt’s Unfavourable Policies; Air Passenger Traffic Fell 8% to 13.4M in 2017 – NBS
the inability of importers and exporters to secure foreign exchange to transact their business and insecurity in Nigeria's coastal waters were major factors. arrivals and departures air passengers nearly evened out at 6.7 million and 7 million respectively. The fortunes of Nigeria's seaports have continued to dwindle following the
Maersk vessel catches fire in Arabian Sea
The 15,226-TEU Maersk Honam experienced a serious fire in one of its cargo holds Tuesday in the Arabian Sea, One dead, leaving four crew members still missing. Amidst concerns over its Saturday night's loss of 70 or more containers onboard its container ship, Maersk Shanghai, in rough seas caused by stormy weather off North Carolina, the world's largest
Maersk ship loses dozens of containers off N.C. coast
The container ship MAERSK SHANGHAI lost 70 or more containers in rough seas caused by stormy weather off North Carolina, The 10,081-TEU Maersk Shanghai lost between 70 and 73 cargo containers Saturday night about 17 miles off the coast of Oregon Inlet, N.C., but all crew members are safe and accounted for. The Maersk Shanghai lost
Tanzania’s Mtwara Port Tipped to Handle Panamax Ships Soon
Big containers and modern ships, Panamax, will soon start docking at Mtwara port, upon completion of berth number two next year. Under the supervision of German company, Inros Lackner, two Chinese companies― Railways Major Bridges Engineering Group Co. Ltd (CRMBEG) and China Railways Construction Engineering Group (CRCEG) are jointly working on
Shipping Companies Risk Sanction for Over-billing Importers, Exporters
The Nigerian Shippers’ Council (NSC) weekend sounded a fresh note of warning to shipping companies and some service providers that circumvent the law by either over-billing shippers on demurrage charges or indulging in the indiscriminate imposition of illegal charges. This is just as the ports economic regulator said its field officers
In Lagos Agents, importers now pay more on demurrage, container deposits
Following the gridlock on Apapa-Oshodi Expressway occasioned by the dilapidation of the road, importers and agents now pay more for demurrage and return of their empty containers, Daily Sun reported. According to an agent, who spoke to Daily Sun on the condition of anonymity, the shipping firms make it difficult for them to
NIMASA plans to acquire 100 new cabotage vessels
The Nigeria Maritime Administration and Safety Agency (NIMASA), has unveiled plans to acquire 100 new cabotage vessels in collaboration with the Nigerian Content Development and Monitoring Board (NCDMB).The Director-General, NIMASA, Dr. Dakuku Peterside, who disclosed this at the second stakeholders’ meeting in Warri, Delta State, said the agency is currently