Headlines
Vessels transiting Suez Carnal to pay more in 2022

Rates for vessels transiting the canal will be increased by six percent beginning in February 2022.
Admiral Osama Rabea, Chairman of the Suez Canal Authority, said in considering the rate increases, they carefully followed and scrutinized all the variables related to the shipping market, global economic indicators, and global trade movement.
The Canal Authority, however, said that it would exempt both LNG carriers and cruise ships from the increase in tariffs.
Cruise ships, they said, had been the most affected by the COVID-19 pandemic, and the efforts are designed to support a restoration of the traffic. Similarly, the Panama Canal Authority is also considering proposals to adjust the rates for cruise ships to also support their return.
The decision to raise the tariffs came after the Suez Canal set a new record for transits during October. The number of ships was up 14 percent year-over-year with a total of 1,847 transits. Net tonnage was up more than 11 percent to 112.1 million tons, contributing to a 12 percent increase in revenues to over $551.1 million.
The Suez Canal recorded its highest ever daily transits on September 29, 2021. A total of 87 vessels made the passage totaling 4.8 million net tons. During the day, a total of 49 vessels were northbound while 38 made the southbound transit.
During the first ten months of 2021, the Canal saw a nearly nine percent increase in tonnage. A total of 17,020 ships made the trip versus 1,380 in the first 10 months of 2020.
The Authority is forecasting continued strong volumes in the coming year and says that it is prepared to manage the traffic. It is also continuing efforts to upgrade its operations and enhance the services of the canal.
Among the record traffic in October was the transit of the largest container ship, Evergreen’s Ever Act.
Headlines
Aftermath of Adeyanju’s exit, crisis resurfaces in MWUN

Headlines
NIMASA embarks on digital revolution to plug revenue leakages, enhance optimum operations

— spurns smear campaign against the process
“To set the records straight, following a comprehensive internal review of operational systems, the current leadership of NIMASA resolved to embrace technology as a means of enhancing the Agency’s capacity to deliver on its regulatory mandate more effectively and to bring into the coffers of government additional revenue ensure funds due government does not end up in private hands.
“A pivotal innovation in this regard is the Maritime Enhanced Monitoring System (MEMS).
“The additional recipients targeted are, waste reception services, a routine operation for both domestic and international vessels have traditionally lacked proper tracking, resulting in unmonitored activities and significant revenue losses.
“Marine pollution control, another critical area of NIMASA’s mandate, has similarly been constrained by limited digital tools. In the absence of satellite tracking and automated reporting, pollution events often go unnoticed or are reported too late to mitigate their impact.
“It is important to emphasize that past revenue shortfalls experienced by the Agency mainly stemmed from outdated manual processes, fragmented data systems, and insufficient digital enforcement mechanisms which allowed some external elements to capitalize on the loopholes for personal gains .
“The current reforms being implemented by NIMASA are focused squarely on overcoming these limitations.
“The public is therefore advised to disregard the misleading reports and instead support NIMASA’s transformation journey as it aligns with the broader national objectives of the Ministry of Marine and Blue Economy under the Renewed Hope Agenda of President Bola Ahmed Tinubu
“The Agency remains committed to strengthening Nigeria’s maritime governance, ensuring environmental safety, and optimizing revenue for the nation.
“It is worthy of note that the Deep Blue Project of the Agency which now enjoys global recognition also witnessed such resistance at the initial stage” the agency noted.
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