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The port will help meet rising demand for containers in Nigeria, the compound annual growth rate of which is forecast to be 12.9% between 2016 and 2025. It will also create 170,000 jobs and bring the government $200bn in revenue, according to Lekki Port LFTZ Enterprise, the port’s developer.
It specialises in cargo logistics, port terminal operations, maritime services and free trade zones. Formed in 2005 by the merger of Dubai Ports Authority and Dubai Ports International, DP World handles 70 million containers that are brought in by around 70,000 vessels annually. This equates to roughly 10% of global container traffic accounted ...
A shipping agency, shipping agent, or ship agency is the term used to refer to the appointed companies that handle operational and procedural (legal) requirements for a commercial vessel's call at a port for the purposes of cargo handling (loading/discharging), emergency calls, repairs, crew changes, or ship demolition, and protect the general interests of their principals on behalf of ship ...
Federal Law No. (1) for the year 2003 A.C. regarding establishment of the Federal Customs Authority (FCA) in the UAE defined the primary Functions and responsibilities of FCA on the basis that it is the authority concerned with drawing customs policy in cooperation with customs administrations, preparing unified legislations to regulate customs work, and supervising implementation of it by ...
Established by the Federal Government of Nigeria in 1986, [2] Nigerdock was privatized in 2001 under the administration of President Olusegun Obasanjo [3] and subsequently acquired by Jagal Group in 2003. [4] Nigerdock is a Shipyard and Engineering, Procurement, and Construction (EPC) contractor serving the energy, shipping, and logistics ...
Dubai-based port operator DP World reported Thursday its half-year profits fell by nearly 60%, in part over the ongoing attacks by Yemen's Houthi rebels over the Israel-Hamas war that have ...
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
Nigerian Shippers' Council is an agency of the Federal Government of Nigeria. [1] [2] The council is responsible for protecting exporters and importers in Nigeria as well as its goods. The Agency is an affiliation of Nigerian Ports Authority and were under the supervision of Ministry of Marine and Blue Economy (Nigeria).