Meridian Port Service (MPS) reached a new level of container-handling productivity on vessels by exceeding the previous record of 112 moves/hour which was achieved on MSC ALTAIR that berthed at Terminal 3 on May 15, 2020. The new vessel productivity record of 139.91 moves/hour on MSC Livorno is from first...
Ghana's seaborne trade in import and export volume in the first quarter of 2020 recorded a net effect of negative 43.3% compared to the same period in 2019. The indication is that imports in first-quarter dropped by 24.52% compared to same period in 2019 - in total of 2.7 million...
Cargo throughput has seen a 44% drop in the first quarter of 2020 compared to the same period in 2019, laying bare the impact of the coronavirus pandemic on Ghana’s shipping and maritime industry. The import trade volume, according to the Ghana Shippers Authority (GSA), decreased by 24.5% and exports...
Over 600 Ghanaian seafarers are stranded abroad due to the Coronavirus pandemic which has led to partial boarder closures globally, data from maritime services provider, Schulte Maritime Services Ghana (SMSG) - a wholly-owned subsidiary of the Schulte Group - has shown. According to the data, these Ghanaians who embarked on seafaring activities to...
The Centre for International Maritime Affairs’ Ghana (CIMAG), a leading policy think-tank and research hub for the Maritime industry (International Trade), has appointed Dr. Bismark Ameyaw as a member of Directors. Bismarck joined the CIMAG management in 2019 as the Director, Research and Advocacy. “It is a great honour to...
The coronavirus (COVID-19) has presented enormous challenges to the developed, emerging, and developing economies. The COVID-19 has revolutionized international trade, thereby initiating businesses into a new era of trade facilitation. The modern era of international trade is one of the increasingly complex interactions between organizations, firms, and people. Countries that...
The International Air Transport Association (IATA) released data for global air freight markets in June showing improvement, but at a slower pace than some of the traditional leading indicators would suggest. Global demand, measured in cargo tonne-kilometres (CTKs), fell by 17.6% in June (-19.9% for international operations) compared to...
Import revenue realized at the Tema Port fell by 45.02 percent for the month of June 2020, Ghana Revenue Authority ( GRA) data has shown. The monthly report released on July 1, 2020, indicated that for the month of June 2020, the revenue target at the Tema Port was GHC1billion...
The world is currently facing a global health crisis which has impacted the way of life of most economies. The coronavirus (COVID19) pandemic has shown us the need to rebuild our economies for the provision of jobs that is secure, resilient, and safe. It is seemingly true that some...
The Ghana flagged Tuna Purse Seine vessel called Panofi Frontier that was hijacked by suspected Nigeria pirates in Benin waters on Wednesday at about 1400 hours has been located and guided to the Tema Port by the Ghana Navy. It is reported that there were 30 member crew on board...