Saturday, June 22Nigeria's Authoritative Maritime News Magazine

Tag: deep seaport

Bakassi Deep Seaport: Gov Ayade gets FG Nod

Bakassi Deep Seaport: Gov Ayade gets FG Nod

Breaking News, Maritime, Port News
The federal government has approved the request by Cross River State for the formal recognition of Bakassi Deep Seaport, which is under construction. Making the disclosure at the weekend while answering questions from journalists at the State House, Cross River State Governor, Prof. Ben Ayade, said the official approval of the port by the federal government had given the state the recipe to launch the port on a commercial scale. He listed the composition of the port to include an evacuation corridor and a six-lane highway linking the port with the north. Ayade, who spoke with journalists after meeting with the Chief of Staff, Malam Abba Kyari, also said the highway which is almost completed was conceived to bring the northern closer to the Atlantic Ocean. According to him, investors wi...

Mad rush for deep seaports: Where are the cargoes?

In March 2006, the nation's seaports were concessioned to private Terminal Operators after a bidding process that saw the Nigerian Ports Authority (NPA) letting go of its traditional cargo handling functions to become the port landlord. In the last 12 years, the privatisation programme in the ports sector has been credited with taking our yearly cargo throughput from 35 million TEUs to about 80 million, leading to unprecedented challenges at the Apapa and Tin Can Island ports. In the intervening years, there has been a gradual shift by governments and investors to invest in deep seaports in the country. This is to further broaden the shipping horizon so that bigger vessels can call at our ports with economies of scale. By definition, a deep seaport is one that has the capability to acco...