Thursday, 14 November 2013

Nigeria Shipping Report Q1 2014

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Nigeria Shipping Report Q1 2014
Nov 13th 2013, 00:00

Price: $ 1295  

The short- and medium-term picture for the Nigerian shipping sector appears rosy, with the country's five main ports all projected to have performed well in 2013. Leading the way in terms of year-on-year tonnage throughput is the Port of Tincan Island (10.79%), with Port Harcourt in second place (9.58%) and the Port of Koko in third place (8.33%). This healthy growth is set to continue over our forecast period to 2018 without exception, although we do not expect the huge double-digit growth seen at the Port of Tincan Island between 2007 and 2011. The Nigerian economy still faces major headwinds in the crucial oil and gas sector, but other sectors, notably agriculture, have started to pick up again, providing some optimism for the Nigerian shipping sector over the mid-term. ...

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