Morethan5,000containerswereabandonedatNigerianports,someforayear!
ItisreportedthatthenumberofabandonedcontainersinNigerianportshasincreasedsharply.AccordingtoMohammedBello-Koko,actinggeneralmanageroftheNigerianPortsAuthority,thereareMorethan5,000abandonedcontainershaveaccumulated,someofwhichhavebeenabandonedforayear.
Typically, these “unclaimed” containers are called “overtime” and customs authorities can confiscate the items if their owners leave them in port for more than 90 days after unloading.
Acting General Manager of the Nigerian Ports Authority, Bello Koko, has asked the port to auction the unclaimed containers as the authority looks for ways to check congestion at the important port.
This situation is closely related to the congestion in many ports in Nigeria, prompting the authorities to take quick action as they do not want long beaches -Long Beach-Los Angeles type situation.
Bello-Koko urged the auctioning of these containers so that port congestion could be eased, knowing full well that these abandoned containers were time bombs. He said: “The place is full; as far as we know, the Nigerian Customs has not auctioned containers recently, so there is not even room for more containers.”
Port congestion is known to increase costs across the supply chain, leading to business slowdowns, trade losses, disruptions and shipping agreements. Cargo reallocation is a proven way to alleviate future port congestion, and Nigeria’s move is a positive self-rescue.
Marine transportation problems also plague Africa, and the punctuality rate of Durban Port dropped by 33.25%
At present, the most watched routes in the shipping market are Asia-North America, followed by Asia-Europe. Since these two routes are more profitable, when there is a global shortage of containers and cargo ships, shipping companies will naturally Capacity is concentrated on trans-Pacific routes and Asia-Europe routes, while African routes are cut.
Especially the Port of Durban, which ranks third in Africa and is the largest port in South Africa, has been hit hard due to the epidemic, riots and hacker attacks. Impact: According to data from the Shanghai Shipping Exchange, the punctuality rate of Durban Port dropped sharply by 33.25% in July this year to only 5.88%.
In addition, the routes with increased prices are not only Europe and the United States and Canada, but also include Asia-Pacific, Africa, Japan and South Korea. Rising across the board, freight rates on all lines continue to hit record highs. The freight rates for 40-foot containers from many major ports in Asia to Africa have exceeded US$10,000.
Africa is currently still in the third wave of the epidemic. Affected by the new coronavirus epidemic, the debt of African countries accounts for more than 60% of GDP.
The instability of economic recovery, high dependence on foreign countries and low vaccination levels may delay the progress of Africa’s economic recovery. . In addition, fraud through credit sales is rampant in the African market, and banks are mixed, adding more risks to Chinese export companies’ foreign exchange collection.
When exporting to Africa, remember to receive payment first!
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