Distrust compels Customs to place all containers on red channel at ports—Olaosun
Leading maritime stakeholder and Chief Executive Officer of Hermonfield Limited, Tunji Olaosun has traced the surge in demurrage on imported containers to two key factors including lack of trust which compels almost every container to 100 per cent examination and…
Importers suffer demurrage, export cargoes rot in warehouses due to bad roads
A report by Business Hilights has revealed that whereas importers spending on demurrage at ports are rising daily, the impacts of bad port access road in Lagos are weighing down investors in non-oil exports as their cargoes rot in warehouse….
FG’s silence on wastages, demurrage rise on Apapa gridlock worrisome—Port users
Observed silence of the federal government on the plights of both Apapa and Tincan ports users since the commencement of reconstruction of the Wharf road has attracted the anger of stakeholders in the shipping industry. The summary of their grievances…
Wet vessel demurrage to end in Apapa as Oando commission’s new jetty
The recent commissioning of Oando Plc’s , mid- stream Jetty in Apapa, Lagos is set to drive out constraints often associated with the discharge of petroleum products, within the Apapa corridor and save $120 million in demurrage annually. Industry pundits…
Lagos importers’ case for demurrage waiver over Wharf road closure, valid—BH Analysis
Background: Relying on the report commissioned by Akintola Williams Deloitte on impacts of bad port access roads and mainly Wharf road since they became impassible over the years, importers and Nigerian shippers sent as much as N668.5 million daily on…
Customs’ 100% examination, N9.1mn daily demurrage amount to official fraud–Importers
Nigerian importers and clearing agents have vowed to challenge the new policy of the Nigerian Customs Service (NCS) seeking 100 per cent examination of containers and N9.1mn daily demurrage in case a container stays longer grace period of four days….
