Ports congestion looms over suspension of banks’ import duty collection
There are indications that stakeholders in the customs duty and cargo clearance industry are tensed up over the impact of suspension of a first generation bank from Customs Duty collection by the Central Bank of Nigeria, CBN.
CORRUPTION AT THE PORTS: NAGAFF inaugurates 150-member team
THE National Association of Government Approved Freight Forwarders, NAGAFF, Office of the Vice President Western Zone has inaugurated a 100 per cent Presidential Compliance Team to promote compliance and facilitate trade at Nigerian seaports.
New deal for the Eastern ports
THE good times are here – at last! – for Nigeria’s Eastern ports. The Nigerian Ports Authority, NPA, shipping companies, stakeholders in our maritime sector and the economy at large have had enough of the choking situation in Lagos and have decided to look eastwards for relief. In January 2020 international shipping giant, Maersk Line, […]
Why importers are abandoning cargoes at the port — Shippers
The difficult cargo clearing process at the port has resulted in shippers abandoning their cargo at the port following accumulated demurrages. Vanguard Maritime Report gathered that it is the cumbersome cargo clearing procedure that led shippers moving their consignments to the neighboring ports in the first place. Speaking on the issue, President of the Shippers […]
Minister decries high cost of operations in Nigerian ports
The Minister of State for Transportation, Gbemisola Saraki, has described Nigerian ports as the most expensive in the West African sub-region.
Eastern Ports Revival: How NPA, Hull Blyth, Maerskline, others are pulling through
EFFORTS by the present government and a section of the maritime business community to rejig the Eastern Ports have received significant boost following the decisions of major international shipping companies, including Hull Blythe and Maerskline, to return to the Calabar and Onne ports.
