Every year, millions of cedis are paid as demurrage – fees importers pay for overstayed containers – to shipping lines. Data from the research department of the Ghana Shippers’ Authority (GSA) reveal that even though there has been some improvement since the authority begun an educational drive on the...
Management of Port Takoradi has revealed that despite steady growth in import traffic, there has been a significant drop in export cargo traffic at the port for the first half of 2020 as the result of an about-four-month long halt to manganese export through Port Takoradi.
Speaking to the Eye...
Ghana being host of the African Continental Free Trade Area (AfCFTA) Secretariat is something great for the nation, but being able to fulfil the goals of this initiative will be determined by strategic focus on infrastructure and industrialization, Mohammed Samara, Chief Executive Officer of Meridian Port Services (MPS) has...
Data from the Ghana Shippers' Authority (GSA) have shown that demurrage payments to shipping lines in 2019 amounted to $27million; this figure was less than the $39million recorded in 2018.
According to the Authority, some of the causes of demurrage – fees importers pay for overstayed containers – include bureaucratic...
The Vice President, Alhaji Mahamadu Bawumia, has inaugurated the state of art New Liquid Bulk Terminal at Takoradi Port.
The Vice President also cut the sod for the construction of a new multi-purpose Dry Bulk Jetty Phase Two, also at the Takoradi Port.
The newly inaugurated Liquid Bulk Terminal, the biggest...
The Ghana Institute of Freight Forwarders (GIFF) has described as unacceptable and frustrating the challenges of the paperless ports clearing system under the management of Integrated Customs Management System (ICUMS) that have contributed to avoidable delays in cargo clearing.
“We have gone back to the situation of printing all documents....
The Ghana Oil and Gas Insurance Pool (GOGIP) raked-in a gross premium income of about GH¢302million (US$63million) in 2018 and GH¢267million (US$48million) in 2019, representing a dip of about 12%.
According to latest reports from the National Insurance Commission (NIC), GOGIP is made up of 22 non-life insurance company and...
The Gulf of Guinea has re-emerged as the global piracy hotspot - accounting for 90 percent of global kidnappings reported recently, with the number of crew taken increasing by more than 50 percent to 121, according to marine insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping...
The nation’s industrialisation and infrastructure development agenda begs the acquisition of a vessel that will help it mobilise the necessary materials needed not only to facilitate economic growth but also make Ghana a maritime hub on the continent, William Amanhyia, Branch Secretary of the Nautical Institute has said.
Acknowledging the...
…Shippers’ Authority fears for smooth implementation of AfCFTA
As the country prepares for the January 2021 commencement of the African Continental Free Trade Area (AfCFTA), the Ghana Shippers’ Authority (GSA) has made some moves to ensure that the nation’s transit corridor is devoid of any barriers that impede the free...