Headlines
Shippers lament vessel delays, supply bottlenecks from China
Shippers continue to complain about delays and the unevenness of the supply chain as the shipping lines and ports struggle to manage against dramatic increases in volumes and external challenges to their operations from recent outbreaks of new variants of the COVID-19 pandemic.
There has been progress at reducing overall delays in shipments and vessel schedule performance from the peaks experienced early in 2021.
“The fact that ships remain delayed and now COVID variant outbreaks in major Chinese manufacturing hubs are on the rise, indicates that there may be far-reaching downstream consequences going into Black Friday and holiday shopping seasons,” said Josh Brazil VP Marketing project44.
The data analysis shows that there were substantial delays for ships operating on routes between China and US non-West Coast ports, where delays increased from 0.6 days on average in July 2020 to 2.44 days in July 2021.
Similarly, EU-bound maritime traffic from China also experienced increased delays from an average of 0.51 days in July 2020 to 2.18 days in July 2021.
On routes serving others parts of the world, year-over-year delays increased from 1.08 days to 2.78 days between July 2020 and 2021.
“One of the few givens in 2021 is endemic delays and the fact that conditions can change almost overnight,” said Josh Brazil, VP Marketing at project44.
With delays again on the rise on some shipping routes and expectations of ongoing supply chain disruptions, many businesses will be challenged to adjust to longer lead times and bottlenecks in an overburdened supply chain.
ReplyForward
|
Customs
Tin Can Customs hits 1 trillion naira revenue harvest
Headlines
EFCC opens chemical forensics laboratory in Port Harcourt
Headlines
Marine and Blue Economy sector holds better prospects for Nigerian youths– Oyetola
Funso OLOJO
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has advised Nigerian youths to take advantage of the countless opportunities in the sector as they have better prospects.
Oyetola made this call on Wednesday, November 6th, 2024 at the 2024 International Conference, titled, ‘Advancing Entrepreneurship Education and Practice for Sustainable Development in Africa,”
The event was organized by the Institute for Entrepreneurship and Development Studies (IFEDS), Obafemi Awolowo University, Ile-Ife, Osun State.
The Minister, represented by the Managing Director, Nigerian Ports Authority (NPA), Abubakar Dantsoho, said that the blue economy sector promises a wealth of benefits for the growing youth population of Nigeria.
Oyetola highlighted the opportunities in the blue economy to constitute a spectrum of economic activities which include maritime shipping, the construction and repair of ships, port infrastructure and services, coastal tourism, fisheries and aquaculture, and generation of renewable energy offshore.
“Others are seabed mining; underwater cabling; marine biotechnology (in support of the pharmaceutical and chemical sectors); maritime education, research, and consultancy services; protection and restoration of marine habitats; water desalination and waste disposal.
He, however, called on academic institutions across the country to work together with the government to harness the numerous potential inherent in the nation’s ocean and coastal resources
“The Marine and Blue Economy represents a blue gold mine of entrepreneurial opportunities for African entrepreneurs and researchers.
“By harnessing innovation, embracing sustainability, and fostering collaboration between government, academia, and the private sector, we can create a thriving marine and blue economy that contributes significantly to Nigeria’s sustainable development.
“The Marine and Blue Economy represents a frontier of immense potential for Nigeria and indeed, all of Africa.
” It is a sector that, if harnessed correctly, can drive innovation, create jobs, and contribute significantly to our national and continental GDP”, the Minister said.
The minister, further stated that the blue economy sector promises a wealth of benefits for the growing youth population of the beloved nation.
According to him, the sector offered scope for innovation, sustainable growth, and fruitful entrepreneurial paths, saying the economic prospects offered by our blue economy are substantial and remarkable.
Other dignitaries at the Conference were the Vice Chancellor, Obafemi Awolowo University, Ile-Ife, Professor Adebayo Someone Banire, Director-General, National Maritime Administration and Safety Agency(NIMASA), Dr. Dayo Mobereola and Dr. Richard Akinola, the Chief of Staff to the Minister.
Nigeria has an expansive coastline of 853 kilometers along the Atlantic Ocean and a maritime area of 46,000 square kilometers within the Gulf of Guinea.
Its marine resources are both vast and varied. Our exclusive economic zone spans over 200 nautical miles, achieving a recent extension of 16,300 square kilometers – approximately five times the size of Lagos State.
“Additionally, Nigeria features an extensive resource of inland waterways, with the potential to support an intra-regional trade sphere through a length of 10,000 kilometers.
“Strategically situated navigational routes link Africa with North and South America, Europe, and Asia, making the maritime sector a crucial catalyst of our nation’s economy.
“Thus, the blue economy sector promises a wealth of benefits for the growing youth population of our beloved nation, offering scope for innovation, sustainable growth, and fruitful entrepreneurial paths. The economic prospects offered by our blue economy are substantial and remarkable.”
-
Customs3 months ago
Customs dismisses claim of outsourcing its promotion examinations.
-
Customs3 months ago
CGC Adeniyi secures government approval for establishment of Customs University in Lagos
-
Customs2 months ago
As Customs graduates 50 officers for Junior Course 19, Adeniyi urges them to uphold professionalism
-
Headlines3 months ago
Why Nigeria still pays war risk insurance charges despite zero incident of piracy in the Gulf of Guinea – MASPAN
-
Customs3 months ago
Tanko decries outsourcing of Customs promotion examinations
-
Customs3 months ago
Governor Zulum seeks collaboration with Customs for enhanced border security, trade facilitation with Borno state