Adamimogo FM Nigeria
  • News
  • Sports
  • Politics
  • Business
  • Entertainment
  • Health
  • Education
  • Finance
  • Foreign
Notification
  • More
    • About Us
    • Contact
    • Blog
    • Privacy Policy
Reading: How multinational shipping lines frustrates growth of African counterparts
  • Adamimogo 93.1 FM Lagos
  • Adamimogo 105.1 FM Ibadan
  • Adamimogo 107.7 FM Ado-Ekiti
  • Adamimogo 103.1 FM Abeokuta
Adamimogo FM NigeriaAdamimogo FM Nigeria
Font ResizerAa
  • Adamimogo 93.1 FM Lagos
  • Adamimogo 105.1 FM Ibadan
  • Adamimogo 107.7 FM Ado-Ekiti
  • Adamimogo 103.1 FM Abeokuta
Search
  • News
  • Sports
  • Politics
  • Business
  • Entertainment
  • Health
  • Education
  • Finance
  • Foreign
Follow US
© Copyright 2025 Adamimogo FM Nigeria | Powered By HBTech Nigeria
BusinessNews

How multinational shipping lines frustrates growth of African counterparts

hbtechng
Last updated: June 19, 2024 8:02 am
hbtechng
Share
SHARE

African shipping stakeholders have accused their foreign counterparts of using fellow Africans to ensure that the continent’s shipping capacity does not grow.

The stakeholders explained that these foreign shipping lines who are afraid of competition from their African counterparts and as such do everything within their power to ensure that the shipping sector does not grow in the continent, especially in the West and Central African sub-region.

Speaking of the activities of foreign shipping lines, former President of them Indigenous Ship owners Association, ISAN now Nigeria Ship owners Association, NISA, Isaac Jolapamo, first raised the alarm when cried out over a decade ago that the foreign shipping lines were planning to kill shipping in the sub-region.

Jolapamo said then that they have succeeded in crippling shipping activities in most countries in the sub-region and were aiming to do same in Nigeria.

This was the period when practitioners like himself, Capt Emmanuel Ihenacho, then secretary of ISAN, Niyi Labinjo and others ship owners held swell.

A few years later, each of the above mentioned, except Capt. Ihenacho who cleverly divested to oil and gas; lost their investment.

Similarly, Frank Ankomah of the Freight and Logistics Department of the Ghana Shippers Authority, GHA said international shipping lines are slamming unusual changes on shippers in the sub-region. The GHA official called for collaboration between the Ghana and Nigeria to fight against such charges.

Ankomah, who was part of a delegation from Ghana that visited the Nigerian Shippers Council, recently noted that while these foreign shipping lines charge shippers in Europe and America based on bill of laden, they charge shippers in the sub-region based on Twenty Equivalent Units, TEUs which in the long is more expensive.

He further noted that the foreign shipping lines charge as much as $170 per TEU, stressing that multiplication of $170 by 100 TEUs gives a total of $17,000. He said that should Nigeria and Ghana succeed in correcting the above abnormally, the cost of doing business at the ports will be reduced.

Speaking recently at a press briefing in Lagos, Managing Director of Kings Communications, publishers MMS Plus Newspaper, Kingsley Anaroke, described the activities of some global players in the Blue and Marine industry as “Economic hit men,” who specializes in frustrating local operations for their benefit.

He noted that these people engages Nigerians to work against any policy that should have been beneficial to the nation for the personal interest of such Nigerians.

Share This Article
Facebook Whatsapp Whatsapp LinkedIn Telegram Copy Link Print
What do you think?
Love0
Sad0
Joy0
Happy0
Angry0
Surprise0
Wink0
Previous Article Nigeria ranks 88th out of 141 countries in Logistics Performance Index
Next Article SEC commends NASD, assures support for innovation
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

Kaduna Police neutralise 2 suspected bandits, recover 2 AK-47 rifles

The Police Command in Kaduna State said its operatives have killed two suspected bandits allegedly…

By
hbtechng

Soldiers withdrawn from Niger after deadly ambush

Toops of the  Nigerian Army have dismantled their tents and withdrawn from communities in Niger…

By
hbtechng

Forex: Turnover in NAFEM falls 37% to N3.47bn

The volume of dollar traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, declined month-to-month (MoM)…

By
hbtechng

You Might Also Like

2024 UTME: Kwara teenage student scores 362

By
hbtechng

Govt warns drivers of state-owned vehicles against cash collection

By
hbtechng

MPC: Stock investors maintain cautious stance, lose N290bn

By
hbtechng

2027: I’ll merge with PDP if… — Peter Obi

By
hbtechng
Adamimogo FM Nigeria

Adamimogo FM Nigeria: A vibrant tapestry of dreams, a powerful conduit for unity, and a platform that sparks inspiration.   With every broadcast, we aim to light the way forward, connect hearts, and empower voices across South West Nigeria, and beyond. Tune in, and be part of something truly transformative.

Quick Links

  • About Us
  • News Updates
  • Privacy Policy
  • Categories:
  • News
  • Sports
  • Politics
  • Foreign
  • Business
  • Finance
  • Entertainment
  • Metro Plus
  • Health
  • Education

Our Socials

Adamimogo 93.1 FM Lagos
Facebook Twitter Instagram Tiktok Youtube
Adamimogo 107.7 FM Ekiti
Facebook Twitter Instagram Tiktok Youtube
Adamimogo 105.1 FM Ibadan
Facebook Twitter Instagram Tiktok Youtube
Adamimogo 103.1 FM Abeokuta
Facebook Twitter Instagram Tiktok Youtube
© Copyright 2025 Adamimogo FM Nigeria | Powered By HBTech Nigeria
  • News
  • Sports
  • Politics
  • Business
  • Entertainment
  • Health
  • Education
  • Finance
  • Foreign
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?