Volume of imported vehicles drops 27% to 55,963 units in third quarter 2018

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The volume of imported new and used vehicles dropped by 27 percent in the third quarter of last year, on year-on-year basis, Nigerian Ports Authority (NPA) 2018 third quarter operational performance report, has revealed.

The volume dropped from 76,626 units recorded in third quarter of 2017 to 55,963 units brought into the country in third quarter of 2018, the report said.

The report, which was obtained by SHIPS & PORTS, revealed that operational activities in the nation’s seaport recorded a significant drop in the quarter under review as the number of vessels that called at the ports dropped by 7.3 percent to 969 when compared to 1,045 recorded in the corresponding period of 2017.

It further stated that the gross registered tonnage of vessels completed stood at 31,747,589, representing a drop of 7 percent over the corresponding period of 2017.

In terms of containerised imports, the report, puts container throughput at 368, 976 TEUs, showing a drop of 9.9 percent from 409,454 Twenty-foot equivalent units (TEUs)

However, despite the decrease in ship traffic, the port recorded a marginal increase of 0.5 percent in cargo throughput with 18,336,786 metric tons over the 18,257,730 metric tons handled in the third quarter of 2017. The increase, according to the NPA report, was due to increase in service boat operations.

A breakdown of the cargo throughput within the review period showed that Liquefied Natural Gas (LNG) shipment stood at 5,574,845 metric tons, a slight increase of 0.4 percent over 5,551,151 metric tons recorded in the corresponding period of 2017.

General cargo recorded stood at 2,113,578 metric tons, an increase of 43.3 percent over the 1,474,669 metric tons handled in the third quarter of 2017.

Dry bulk stood at 2, 444,687 metric tons, a decrease of 8.3 percent from 2, 666,953 … Read More...