Given the growing demand for Standards of Training, Certification and Watchkeeping (STCW)-certified seafarers, there will be need for an additional 89,510 officers to operate the world’s merchant fleets by 2026, a new report has shown.
The new Seafarer Workforce Report, released in August 2021, further warns of a shortfall in...
When government introduced the benchmark value policy in 2019, it did so based on, at least, two reasons: namely to boost domestic revenue; and to discourage misclassification and stop under-invoicing.
Government was hopeful that reducing the duties importers pay at the ports would automatically increase the volumes of imports; thereby...
The introduction of benchmark values into Ghana’s import and export sectors a few years ago - with their implications for revenue mobilisation and the future of local industries - was either seen as prudent or imprudent depending on how one analyses the policy.
Government introduced the benchmark policy in 2019,...
Shipping costs soared over the past year as consumers unleashed pent-up savings to buy new merchandise while the pandemic continued to snarl the world’s supply chains. Container rates have more than quadrupled since the start of the pandemic, with some of the biggest gains concentrated in the first three...
First Klass Shipping Specialist Limited (FKSSL), one of the giants in the shipping industry, has officially opened its ultramodern office and warehouse at Pokuase Akatapor in the Greater Accra Region.
According to the Chief Executive Officer (CEO) of the company, Michael Obeng, the new office and warehouse will add up...
Justices of the Superior Courts of Ghana have been assembled in this year’s Maritime Law Seminar which is the premier event that provides the platform for judges to be abreast with knowledge on maritime law and new developments in this specialized discipline.
The judges undertook subjects such as piracy and...
The transition towards the digital revolution has spurred up the global maritime industry. Digitalization will enable nations to deeply engage in the global economy, resulting in improved developmental outcomes. The maritime industry is interconnected, and digital technology trends will be necessary for competitiveness and efficiency. Digitalization is the new...
The challenges of cost-effectiveness for shipping services, efficiency of seaports, high levels of freight rates and the special case of landlocked countries must keep maritime administrators of West and Central African countries awake at night.
This is because the economies of all countries in the region, just as is the...
The Minister for Transport, Kweku Ofori Asiamah, has revealed that findings of the feasibility studies conducted for the development of the Keta Port, indicate that Phase 1 of that project would cost around USD 600M.
The Minister disclosed this during a market sounding event on the Keta Port Project development...