Dependence on foreign ship-owners, tonnage threat to national security, economy
THE term Cabotage originates from the French word “caboter” which means to sail coast. From a legal perspective Cabotage refers to principles that assure a country’s citizens of opportunities to participate in trades that are domestic to that country especially when the capability to do so exists.
Presidency demands electronic transmission of manifest 7 days before ship’s arrival
IN a bid to enhance port operations, Presidential Enabling Business Environment Council, PEBEC, has directed shipping firms operating in Nigeria to ensure that ship manifests were electronically transmitted to relevant stakeholders seven days before the arrival of the vessel.
Shipping: Access to funding, dollar tax, others a major challenge – Shipowners
GUARANTY Trust Bank Plc (GTB) has recorded a Profit Before Tax, PBT of N165.14billion, in its financial year ended December, 2016, representing a growth of 37 per cent over N120.69 billion recorded in the corresponding period of 2015.
Terminal Operator decries insufficient tug boats, multiple checks
APM Terminals, one of the private terminal operators at Apapa Port, has decried the incidence of inadequate tug boats for pilotage functions at the ports in Lagos, as well as the presence of multiple Customs check points after consignments have been cleared for exit.
