• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, July 29, 2026
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Port congestion costs Nigeria $55m daily

The Matters Press by The Matters Press
September 2, 2020
Reading Time: 2 mins read
0
Nigeria loses $25b to foreign ship owners

Ship with goods

Ship with goods

By Chris Ndibe

RELATED POSTS

Trump’s commendation is evidence of Tinubu’s determination to win war against terror

Obasanjo’s bribery allegation raises more questions on Atiku’s integrity – TDF

REIMAGINING FREE TRADE ZONES IN NIGERIA

Latest report by Dynanmar indicates that congestion at the ports is costing Nigeria about $55 million (about N20.8 billion) per day.

The Dutch consultancy firm said solutions to the persistent congestion at Nigerian ports are multiple, and must include a collaborative element.

Dynamar expressed worries that the congestion in Nigerian ports is persistent, but that stakeholders are all busy pointing fingers at others rather than developing solutions.

Senior Shipping Analyst and Consultant at Dynamar, Darron Wadey, said: “This is a very joined-up problem, with no single cause and therefore no single solution. The solution will, therefore, need to be joined-up and tackle all the issues raised.”

The report stated that: “Services have been diverted from Lagos terminals at Tin Can and Apapa to ports as far as 1,500km south of Lagos, in Pointe Noire in the Republic of Congo, with transhipment back to Nigeria.

“Even carriers such as CMA CGM and Maersk Line, who have vessel calls in Lagos ports have diverted cargo, as the delays to ships were approaching 30 days on weekly services.

“The services diverted included CMA CGM’s joint services with Maersk Line, the FEW2 and the Midas/Mesawa from the Middle East to the Indian Subcontinent. Both these services were diverted to Pointe Noire.

“A joint service operated by Arkas, CMA CGM and Hapag-Lloyd placed two extra vessels on the WAS/EuropeAfrique2/MWX service from the Mediterranean.”

“Even these were insufficient to return it to a weekly operation. In addition, the service decided to skip the APMT Apapa facility. Cargo destined for there would be discharged at Tin Can and barged at Hapag-Lloyd’s account, to the Bolloré operated inland KCT Terminal in Lagos.”

According to Wadey these were the practical consequences of the situation in Nigeria, and there appears to have been little or no improvement this year.

Dynamar believes that the economic consequences of the congestion now exceed $55 million daily, and the situation has increased the cost of inland connections.

“Rates for inland haulage were quoted as perhaps being as high as US$1,100 for a 20’ container, and maybe US$2,700 for a 40’, depending upon final destination,” Dynamar stated.

The report observed complaints at the high level of physical examination of cargoes required, and the fact that consignees or their representatives are required to complete documentation at the port.

More

Tags: Ports
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Fact Check on Trump’s Wall funding
Foreign

Trump’s commendation is evidence of Tinubu’s determination to win war against terror

July 29, 2026
Drop your frustration, let President Tinubu be, Group picks on Atiku
News

Obasanjo’s bribery allegation raises more questions on Atiku’s integrity – TDF

July 29, 2026
Iran invests $1.2bn in free trade zones
Economy/Technology

REIMAGINING FREE TRADE ZONES IN NIGERIA

July 28, 2026
Reduction in security breaches by 65%, an unprecedented feat in 13 Years
News

PBAT expands military structure, approves more recruitment

July 24, 2026
Swiss Bank expects profit of $50bn
Economy/Technology

Tinubu’s $3.05bn intervention initiatives, part of ongoing reforms to tackle poverty at the grassroots-Group*

July 24, 2026
Nigeria, WFP worry over food situation
Economy/Technology

Atiku goofed on President Tinubu’s growth-focused borrowings, recent spike in food inflation

July 24, 2026
Next Post
South Africa in load shedding to manage dip in power

Nigeria gets $6.15bn grant to boost electricity

Swiss Bank expects profit of $50bn

Nigeria’s capital importation hits $1.3b, saves $2b in LNG contract

Recommended Stories

Nigeria suspends mining in Zamfara

Nigeria suspends mining in Zamfara

April 9, 2019
Trading in Nigerian stock market dips further N83bn

NGX continues downward trends, loses 0.20%

March 23, 2022
Council seeks incentives to boost indigenous ship operations

17 ships carrying petrol, other products expected at Lagos ports

June 3, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Trump’s commendation is evidence of Tinubu’s determination to win war against terror
  • Obasanjo’s bribery allegation raises more questions on Atiku’s integrity – TDF
  • REIMAGINING FREE TRADE ZONES IN NIGERIA

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us