African Continental Free Trade Area (AfCFTA) – Shipping World News Magazine

In a development that signposts readiness to maximize the gains derivable from the African Continental Free Trade Area (AfCFTA), the Nigerian Ports Authority (NPA) on 2nd July at 05:05 hours deployed its state-of-the-art marine crafts to berth the first wholly Nigerian-owned container vessel. The container vessel with International Maritime Organization (IMO) number 9508770 christened MV Ocean Dragon is owned by Clarion Shipping West Africa Limited has a capacity of 349 Twenty-Foot-Equivalent Units (TEUs) gives a boost to concerted investment drive geared towards reaping the cost and time saving benefits of short-sea shipping by plying in-country maritime trade routes across Nigeria and the West African sub-region and offers an efficient alternative to road transport as the Authority’s ef...

The Federal Government has given the Nigerian Ports Authority the nod to dredge $1.5bn Lekki Deep seaport channel from its present 16.5metres to 17metres in the first instance, as it targets 19meters depth. Disclosing this over the weekend during his maiden visit to Lekki port, the Managing Director of the Nigerian Ports Authority (NPA), Abubakar Dantsoho in the company of senior management staff of the Authority, urged Lekki Port to consolidate transshipment volumes to landlocked neighboring countries. According to Abubakar Dantsoho, "The rise in throughput volume at Lekki Port is exciting to us. "Lekki’s capacity to berth super post-panamax vessels and deliver rapid cargo and vessel turnaround positions is a game-changer for Nigeria’s export competitiveness, particularly for agro-alli...

Tag: African Continental Free Trade Area (AfCFTA)

NIGERIAN PORTS AUTHORITY BERTHS FIRST WHOLE NIGERIAN-OWNED CONTAINER VESSEL.

Lekki Deep Seaport: NPA Targets 19 metres Draft