Business
‘Why Importers Abandon Cargoes At Seaport’

A shipping executive, Chief Jonathan Eze, has said that the difficult process in the clearing of cargo at the seaports and the accumulation of demurrages on them is responsible for the abandonment of cargos.
He urged the Federal Government to put things right to encourage importers and users of those facilities.
Eze, who is an executive member of the Shippers Association of Nigeria, in a chat with airport correspondents at the weekend, insisted that it was the cumbersome cargo clearing procedure that led shippers in the country to be moving their consignments to the neighbouring ports.
According to him, most importers abandoned their goods because the demurrage they are to pay is more than the value of the consignment at the port.
He said that apart from the importers, the end users of such goods, industry and the economy also lose out.
“When an importer knows that what he is going to pay on demurrage is more than the value of the goods, he will abandon the goods, and once he does that, everybody is losing.
“The people that use those goods will not have those goods to use. So, that is what we call a kind of strategy in materials in the system. Strategies in revenue both ways, and at the end of the day, you will see the whole of the port littered with abandoned goods helplessly.
“If government is doing what is right, I believe we will be able to make so much money. So, government has to put a lot of things right for the users of those facilities, otherwise the problem will continue.
“Our duty is to bring in the cargos, and we have so many cargos to control.
By: Corlins Walter
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime3 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime3 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime3 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime3 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime3 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics3 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports3 days ago
Bournemouth, Newcastle Share Points
-
Sports3 days ago
Zidane’s Son Switches Allegiance To Algeria