It is reported that the number of abandoned containers in Nigeria ports has risen sharply. According to Mohammed Bello-Koko, Acting General Manager of the Nigeria Port Authority, more than 5,000 abandoned containers have accumulated in Nigeria ports, and some containers have even been damaged. Abandoned for a year.
Usually, these "unclaimed" containers are called "overtime". If the owners of these goods leave them in the port for more than 90 days after unloading, the customs authorities can confiscate these things.
Belo Koko, the acting general manager of the Nigeria Port Authority, asked the port to auction these unclaimed containers. The authorities are looking for ways to check the congestion of important ports.
This situation is closely related to the congestion in many ports in Nigeria, prompting the authorities to act quickly because they do not want a Long Beach-Los Angeles situation.
Belo Koko urges the auction of these containers so that congestion in the port can be relieved. He is very clear that these abandoned containers are time bombs. He said: “This place is full; as far as we know, Nigeria Customs has not auctioned off containers recently, so there is not even room for more containers.”
As we all know, port congestion increases the cost of the entire supply chain, leading to business slowdowns, trade losses, interruptions and transportation agreements. Cargo redistribution is an effective way to alleviate port congestion in the future, and Nigeria’s move is an active self-help.
Maritime problems also plagued Africa, with Durban Port's on-time rate plummeting 33.25%
At present, the most concerned route in the maritime market is Asia-North America, followed by Asia-Europe. Because these two routes are more profitable, when containers and cargo ships are in short supply on a global scale, shipping companies will naturally concentrate their capacity on the trans-Pacific. On the routes and Asia-Europe routes, the African routes have been cut.
In particular, Durban Port, the third largest port in Africa and the largest port in South Africa. Due to the three major impacts of the epidemic, riots, and hacking attacks, according to data from the Shanghai Air Exchange, Durban Port’s on-time rate dropped by 33.25% in July this year. Only 5.88%.
In addition, the price increase routes are not only the Europe and the US-Canada routes, but the Asia-Pacific, Africa, Japan and South Korea routes are all rising, and the freight rates of all routes are constantly hitting historical highs. The freight rates for 40-foot containers from Asia to Africa have exceeded US$10,000.
Africa is still in the third wave of epidemics. Affected by the new crown pneumonia epidemic, African countries’ debts account for more than 60% of GDP.
The instability of economic recovery, the high degree of dependence on foreign countries, and the low degree of vaccination are all likely to delay the progress of Africa's economic recovery. In addition, fraudulent use of credit sales in the African market is rampant, and banks vary in good and bad conditions, which adds more risks to Chinese export companies' foreign exchange collection.
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