AZ Logistics

News: General Average Declared for Dali Vessel After Collision with Baltimore's Francis Scott Key Bridge.

The Mediterranean Shipping Company has announced that 'General Average' (GA) has been declared for the Dali vessel following its recent collision with the Francis Scott Key Bridge in Baltimore.

📚Understanding General Average:
General Average is a crucial maritime principle invoked when a vessel sustains damage or incurs substantial expenses for the common safety of both cargo and vessel during a voyage. In such cases, all parties sharing the vessel's cargo may be proportionally liable for the financial losses incurred.

❓What Happens Next?
With GA now declared, the ship owner will assess the total cost of the extraordinary measures taken and distribute it among all cargo owners based on the value of their goods. This could pose a significant financial challenge to shippers, particularly those without adequate GA insurance coverage.

🚢The Importance of Marine Insurance:
This tragic incident underscores the critical role of marine insurance in safeguarding cargo. Proper insurance coverage can mitigate financial risks and provide peace of mind to shippers in unpredictable situations like this.

💙Protect Your Shipments with AZ Logistics :
Don't leave your shipments vulnerable - reach out to our team today to discuss how we can protect your cargo. Contact us at 0802 387 7441 or email [email protected]📧

https://shorturl.at/vxIKQ

Owner of ship in Baltimore bridge collapse asks cargo owners to help cover salvage costs The owner of the container ship Dali has initiated a process requiring owners of the cargo on board to share salvage costs after the deadly collapse of Baltimore’s Francis Scott Key Bridge

News: Iran's Revolutionary Guard Corps has seized the MSC Aries, a container ship with links to Israel, in the Strait of Hormuz.

The Portuguese-flagged vessel, chartered from Zodiac Maritime and operated by MSC, was en route to India when it was boarded by Iranian authorities off the coast of the United Arab Emirates on Saturday.

MSC is working closely with relevant parties to ensure the safe return of the crew and the vessel. We will continue to monitor the situation and provide our customers with the necessary updates.

Incidents like these highlight the importance of comprehensive marine insurance that covers acts of piracy. Reach out to the AZ team to discuss how we can protect your shipments at 0802 387 7441 or email info .com 📧

https://rb.gy/xn5peg

Iran’s Revolutionary Guards seize Israeli-affiliated ship State news agency says MSC Aries was taken in strait of Hormuz and is being transferred to Iran’s territorial waters

Container Movement Can Be Complex and Stressful. With Our Expertise, It Doesn't Have to Be. From Clearing and Forwarding to Bonded Terminals and Dry Ports, We Have You Covered. Whether you're moving a container across the country or around the world, we'll get it there safely and on time.

The cargo ship Dali, which recently collided with the Francis Scott Key Bridge in Baltimore, causing significant damage and resulting in vehicles and individuals plunging into the water, had previously been detained in Belgium in 2016 after a mishap at the port of Antwerp. During its departure from Antwerp's container terminal bound for Bremerhaven, the Dali, a substantial vessel measuring 948 feet (290 meters) with the capacity to carry 10,000 containers, experienced a maneuvering error. The misjudgment led to the vessel's stern scraping against the quay, inflicting considerable damage to several meters of its hull.

Authorities detained the ship subsequently, docking it at Deurganckdok, Belgium, with reports indicating no injuries or environmental pollution resulted from the incident. The weather conditions were favorable at the time, and the fault was attributed to the ship’s master and the pilot onboard.

The ship, constructed in South Korea in 2015 by Hyundai Heavy Industries, is owned by the Greek company Oceanbulk Maritime and was under a charter by Maersk at the time of the incident. The Maritime and Port Authority of Singapore (MPA) confirmed the Dali's registration in Singapore, carrying 22 crew members, all of whom were Indian nationals, though not directly employed by Maersk. The vessel is operated by the charter company Synergy Group.

This collision led to the collapse of about 1.6 miles (2.6 km) of the Baltimore bridge, triggering an urgent search and rescue operation for at least seven individuals, with two being rescued, one in critical condition. The incident has prompted scrutiny into the vessel's past and operational protocols.

(Reported by Chris Michael for The Guardian)

“An entire sea of water can’t sink a ship unless it gets inside the ship. Similarly, the negativity of the world can’t put you down unless you allow it to get inside you.”

Happy new week!!

Twenty-two years ago, a MAERSK SEALAND bill of lading .we are now discussing how it will be electronic. Of course, MAERSK still exists, but MAERSK SEALAND does not.

“If you can’t repair it, maybe it shouldn’t be onboard!!”

Blessed week ahead!!

𝗞𝗻𝗼𝘄 𝗪𝗵𝘆 𝗧𝗵𝗲 𝗥𝗶𝘀𝗲 𝗼𝗳 𝟰𝗣𝗟𝘀 𝗶𝘀 𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗶𝗻 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆

Fourth party logistics, also known as 4PL, is a model where the business owner outsources its supply chain and logistics to an external service provider. This provider is responsible for the assessing, designing, planning, building, running, and even tracking an integrated comprehensive supply chain solution on the behalf of the firm. They are also called lead logistics providers. The external provider can either have his own warehouse or tie up with warehouse companies. Therefore, fourth party logistics represents a higher level of supply chain management for the client.

Increase in demand for an easy & effective supply chain system and increase in the complexities in the operation process drive the growth of the fourth party logistics market. In addition, rise in demand for customized solutions is also expected to drive the market growth. However, factors such as reluctance of companies to outsource the logistics function and changes in logistics regulations in different countries are expected to hinder the growth of the market. Further, increase in demand for consumer electronics and growth in the e-commerce market are factors that are anticipated to foster the market growth.

Smart and innovative IT solutions have developed the logistics industry and transformed the future of business. Thus, with growing expectations, several warehouse management software providers have started to take on a role as 4PL providers as well. Moreover, the adoption of web integration or information systems as a primary coordinator in the supply chain helps organizations to focus on leaner production and inventory management. The customized 4PL supply chain solutions are connected with warehouse management, revenue & expense management, process automation, freight tracking, customer relationship management, and supplier tracking systems.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 - The global fourth party logistics (4PL) market was valued at $57.9 billion in 2021, and is projected to reach $111.7 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.

𝟏𝟓 𝐓𝐨𝐩 𝟒𝐏𝐋 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐓𝐡𝐞 𝐖𝐨𝐫𝐥𝐝 :
1. 4PL Group,
2. 4PL Insights,
3. Accenture Consulting,
4. Allyn International Services, Inc.,
5. C.H Robinson Worldwide, Ltd.,
6. CEVA Logistics,
7. DAMCO,
8. DB Schenker,
9. Deloitte,
10. Deutsche Post AG,
11. GEFCO Group,
12. Global4PL Supply Chain Services,
13. Logistics Plus Inc.,
14. Panalpina World Transport,
15. United Parcel Service, Inc.,
16. XPO Logistics, Inc.

“Oh Sailor, pick up all your defeats like pebbles beneath your feet
and fling them all into the sea!

Sniff the air, look how the birds fly, adjust your ship's mast and sail away in search of newer victories!”

Blessed week ahead!!

LEKKI DEEP SEAPORT BERTHS LARGEST CONTAINER VESSEL ON NIGERIAN WATERS

The Nigerian Ports Authority (NPA) has taken trade facilitation a notch higher with the berthing at the Lekki Deep Seaport of the largest container carrier to sail on Nigerian territorial waters on Sunday 21st January, 2024.

The vessel measuring 367M in length over all christened “Maersk Edirne” has a Breadth of 48.2 and carried a Gross Registered Tonnage (GRT) of 142,131metric tonnes and a Dead weight Tonnage (DWT) of 147,340 metric tonnes, constituting 3,376 total cargo onboard was navigated to safety by the highly experienced and thoroughly equipped Pilots of the NPA.

This development validates the assurances given by the Managing Director / CEO Nigerian Ports Authority, Mr. Mohammed Bello Koko during the signing of the Presidential / Ministerial Performance Bond in December 2023, that “the Authority under my watch is poised to provide the leadership and technical guidance required to maximize the potentials inherent in our marine and blue economy”.

Responding to the milestone achievement on Sunday, Bello Koko commended the Honourable Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola for the consistent support and endorsement of the Authority’s initiatives and investments in employee upskilling and equipment renewal which made this milestone seamlessly achievable.

Before this time, the largest commercial vessels to sail on Nigerian waters were “MV Stadelhorn” and “MSC Maureen” at Onne Port and TinCan Island Port Complexes respectively. Thus the berthing of a ship of measuring 367 meters at Lekki Deep Seaport represents a quantum leap forward.

The Lekki Deep Seaport has by this feat in addition to its pioneering of full automation and facilitation of transhippment proven its readiness to exceed stakeholders’ expectations.

In the logistics world, the hustle never rests. It's a 24/7 symphony of challenges and solutions. Passion fuels our journey—it's not just a job; it's an exhilarating expedition. 🚚✈️

Air France KLM Group and CMA CGM have decided to end their cargo capacity partnership due to the constraints of a “tight regulatory environment”

https://www.aircargonews.net/airlines/air-france-klm-and-cma-cgm-end-capacity-partnership/

“The more you get used to the calm of the harbour, the more alien the waves and realities of the sea become for you!”

Blessed week ahead.

Luxury cruise liner Norwegian Dawn calls the Port of Mombasa early Sunday morning, carrying 2300 passengers and 1100 crew aboard, becoming the first cruise vessel of the year to dock in Mombasa.

Sailing to Mombasa from Seychelles, Norwegian Dawn, with an LOA of 294 meters brought the over 2000 passengers from 54 nationalities to the Kenyan coast for excursions, to explore the pristine white sandy beaches and national parks.

Kenya Ports Authority Managing Director Captain William Ruto who piloted the vessel to berth number one, appreciated the call reiterating KPA’s support for cruise tourism in the country through investment in infrastructure to position the Port of Mombasa as a cruise tourism hub.

Chairman Hon. Benjamin Tayari welcomed the call noting the visit is an affirmation of Kenya as a tourism hub in Africa.

The maiden call to Mombasa comes a few days after another cargo vessel docked at the port on maiden voyage. Last year December, the port once again received MV Bollete, a cruise liner with over 900 passengers, with Captain Ruto confirming that the Port of Mombasa will receive another cruise ship next month.

🚢 Ship Shortage Alert! 🚗 Electric vehicle exports from China to Europe are facing major delays due to a critical shortage of car-carrying ships. Prices are soaring, with daily charter rates hitting $115,000, a 10% increase from last year. 📈 Despite record-high vehicle shipping volumes in 2023, the industry is struggling to keep up. This crisis is hitting Chinese EV brands hard, as they depend solely on sea freight for their European market. ⚡️🌍 With new ship constructions lagging, the automotive industry braces for continued challenges.

Korea Marine Transport Container (KMTC) Shipping Line has deployed its first ever vessel to the African continent choosing the Port of Mombasa as the first port of Call.

MV KMTC Hochmihn made a maiden call Thursday with 1000 TEUs for the local and transit market, affirming the strategic position of the port as shipping and maritime hub and a preferred port of call for shipping lines.

The call also signals the growth of the region and the country as the traffic in cargo volumes increases.

General Manager of Rais Shipping Services; the agents for KMTC Mr. Mayur Udyawar noted that the shipping line chose Kenya as the gateway through Africa as it looks to expand its operations and business in the continent.

KPA has welcomed this development as an affirmation of the consistent initiatives to improve capacity and efficiency at the port.

When shipping lines come it means traffic is growing and the Port has enough resources to serve the growing demand.

KPA leadership of Chairman Benjamin Dalu Tayari and Captain William Ruto received the vessel, noting that new shipping lines commencing operations denotes improved efficiency and service delivery.

Iranian forces seize Marshall Islands-flagged oil tanker St Nikolas in the Gulf of Oman, near the Omani port of Sohar.
The vessel was boarded by masked, armed individuals who redirected it to an Iranian port.
The seizure is a reaction to the United States' earlier confiscation of the tanker and its oil cargo.
Managed by Empire Navigation, St Nikolas was traveling from Basra, Iraq, to Turkey, loaded with 145,000 tonnes of crude oil.
The crew comprises 18 Filipinos and one Greek citizen.
Post-boarding, UK Maritime Trade Operations reports lost communication with the vessel, boarded by people in military-style attire.
Iranian state media labels the vessel as American, despite its Greek ownership.
The St Nikolas, formerly known as Suez Rajan, was previously seized by the US for sanction enforcement against Iran.
The ship's former charterer, Suez Rajan Limited, confessed to breaching sanctions by illicitly trading and transporting Iranian oil.
The US has called for the immediate release of the tanker and its crew, highlighting the event's detrimental impact on international commerce and regional stability.

𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐨𝐝𝐞𝐥𝐬 𝐄𝐱𝐩𝐥𝐚𝐢𝐧𝐞𝐝 :



Chemical logistics can be defined as the movement of chemicals along a supply chain with the help of services such as transportation and warehousing provided by chemical logistics companies. The chemicals sector can be considered as an essential part of business for almost all industries such as processing plastics, pharmaceuticals, food production, and automobile manufacturing. Majority of industries depend on products made by the chemical industry. Chemicals, either in liquid or solid state, act as essential basis for pharmaceutical products, food products, and other everyday products.

Transportation of these chemicals requires special care in transportation, handling, and storage to prevent any safety hazards such as contamination and spoilage. In addition, chemical logistics service providers must adhere to changing federal and state regulations to minimize hazards for workers and general public.

The global Chemical logistics is segmented into mode of transportation, services, end use industry, and region. On the basis of mode of transportation, the chemical logistics market is divided into roadways, railways, airways, waterways, and pipelines. By services, it is categorized into transportation & distribution, storage & warehousing, customs & security, green logistics, consulting & management services, and others. By end use industry, it is classified into chemical industry, pharmaceutical industry, cosmetics industry, oil & gas industry, specialty chemicals industry, food industry, and others.

The global chemical logistics market size was valued at $253.71 billion in 2019, and is projected to reach $322.54 billion by 2027, registering a CAGR of 3.9% from 2020 to 2027. Asia-Pacific accounted for the highest share in the global chemical logistics market in 2019, in terms of revenue, and LAMEA is anticipated to exhibit remarkable growth rate during the forecast period.

Trade terms refer to some conditions and clauses agreed by buyers and sellers in a transaction contract in international trade, which are used to clarify the rights and obligations of both parties. Trade terms usually include terms such as price, delivery time, payment method, transportation method, insurance, inspection and claims.

Trade terms are an important part of international trade contracts and are very important to buyers and sellers. In international trade, different trade terms may result in different risks and responsibilities between buyers and sellers. Therefore, before signing a contract, both parties should carefully review and negotiate the trade terms to ensure that the rights and obligations of both parties are protected.

Common trade terms include FOB (Free on Board), CFR (Cost and Freight), CIF (Cost, Insurance and Freight), etc. These trade terms stipulate the responsibilities and obligations of buyers and sellers in terms of delivery, transportation, insurance, etc.

Public Alert No. 037/2023.
Alert on substandard (contaminated) syrup and suspension medicines identified in the WHO regions of the Americas, Eastern Mediterranean, South-East Asia, and Western Pacific.


https://bit.ly/3H1elY0

NAFDAC is notifying healthcare providers and the public of the WHO medical product alert on five (5) contaminated syrup and suspension medicines initially detected in the Maldives and Pakistan.

The five products are ALERGO Syrup, EMIDONE Suspension, MUCORID Syrup, ULCOFIN Suspension, and ZINCELL Syrup.
A total of 23 batches of these products are affected. The stated manufacturer of all the affected products is PHARMIX LABORATORIES (PVT.) LTD (Pakistan).

These substandard products referenced in this alert are unsafe and their use, especially in children, may result in serious injury or death. Although these products are not registered by NAFDAC, they may have been distributed, through formal and informal markets, to other countries or regions including Nigeria.

NAFDAC implores importers, distributors, retailers and consumers to exercise caution and increase vigilance within the supply chain to avoid the importation, distribution, sale and use of the substandard cough syrups. All medical products must be obtained from authorized/licensed suppliers. The products’ authenticity and physical condition should be carefully checked.

Air freight is a transportation mode of delivering fast-speed shipments via aircraft mostly for longer distances. Air freight contributes to the global economic development as the global economy relies on the capability to transport valuable and superior quality products rapidly to consumers across the world. Attributed to fast delivery speeds and temperature-sensitive space in aircraft, vaccines are usually sent via aircraft to help reach their required destination in time to be effective. According to the World Health Organization, vaccinations programs help prevent around 3 million child deaths annually. Air freight plays a crucial in delivering temperature-sensitive medications in the best conditions by means of state-of-the-art procedures and technologies.

The air freight business is experiencing a transformation in technology and is evolving from an excessive usage of old mainframe systems to more adaptable interfaces employed for processes such as flight operations, revenue accounting, networking planning, and others. Moreover, the rising usage of cool-chain tech, robotics, automated systems, artificial intelligence (AI), Big Data, deep learning, IoT, and augmented & virtual reality across several operations is anticipated to boost the growth of the global air freight market over the forecast period.

The delivery of items via cargo planes is the fastest way among other modes of transportation. While other modes of transportation, for instance, shipping, rail or road transport, usually take days or weeks to deliver the items, air transport makes the delivery of items in just a few hours. Attributed to the presence of lesser stock to unload in comparison with cargo ships, the customs clearance is quick and the requirement for local warehousing is much lesser. Moreover, air freight is the safest among all other modes as goods sent via air go through least handling and the safety controls at airports are strictly managed.

Maersk to resume Red Sea operations under US-led military protection The shipping giant paused sending vessels through the Bab el-Mandeb strait earlier in December due to attacks against its containers.

Season Greetings to our clients and partners!!!

𝐌𝐮𝐥𝐭𝐢𝐦𝐨𝐝𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧 : 𝐋𝐞𝐚𝐫𝐧 𝐀𝐥𝐥 𝐲𝐨𝐮 𝐍𝐞𝐞𝐝 𝐓𝐨 𝐊𝐧𝐨𝐰 𝐀𝐛𝐨𝐮𝐭 (𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 - 𝟐𝟎𝟐𝟑)

Multimodal transportation is the backbone of international trade here the goods are transported under a single contract but performed with at least two different modes of transport. The carrier or multimodal transport operator (MTO) is liable for the entire carriage, even though it is performed by several different modes of transport by rail, sea, and road. Multimodal transport is a solution to solve bigger part of cargo mobility problems. Its main feature is the transhipment terminals which allows efficient cargo handling between short distance & long-distance traffic as well as application of standardized & reusable loading units.

Furthermore, the advantage multimodal transport is that it uses the most efficient combination of transport modes for carrying the cargo. The service is more environmentally sustainable than some single mode transport methods since, it reduces the hassle of dealing with multiple partners for transportation of cargo. In addition, multimodal transport uses one transport bill of lading for its services and operation and optimizes lead times, reduces inventory costs, and regulates freight level costs.

E-commerce plays very key role in offering freight customers new options to boost their economic growth. Since, multimodal transportation uses two different of modes of transport thus, it is useful for long distance shipment. The rise in in e-commerce industry has enabled the consumers to purchase goods from all across the world. For instance, global e-commerce sales jumped to $26.7 trillion in 2019, up by 4% from 2018. Moreover, internet-based retailing and online shopping is witnessing a significant expansion in majority of countries across the globe, owing to an increase in speedy internet access, which has led to rising preference toward e-commerce among consumers.

ℹ️ Press Release
NAFDAC bursts large hauls of fake wines, soft drinks, and consumables.

Read more here >>> https://bit.ly/3GOCroL

In a major operation, NAFDAC has dismantled a large-scale counterfeit beverage syndicate operating in Eziukwu Market, Aba, Abia State. Acting on intelligence, the Agency collaborated with security forces to conduct a sting operation, uncovering illicit activities spanning various brands, including Seaman Schnapps, Henessy, Four Cousins, Martell, Black Label, Campari, Chelsea London Dry Gin, Carlo Rossi, McDowells, Smirnoff Ice, Eva non-alcoholic drink, and more.

Over 240 shops-turned-factories were raided, revealing filthy conditions, the use of unhygienic water, harmful chemicals, and cloned packaging materials. The counterfeiters engaged in date revalidation for expired products like Peak milk, powdered milk, ketchup, yoghurt and Coca-Cola products, posing severe health risks to unsuspecting consumers.

The shutdown of the entire market was enforced until stakeholders committed to preventing such activities. The operation resulted in the destruction of 1,500 cartons of fake products, valued at over N750 million, and the evacuation of 300 cartons to NAFDAC's warehouse. Ten individuals were arrested and will face charges after a thorough investigation.

NAFDAC emphasizes the health hazards of consuming adulterated alcohol, urging vigilance during the festive season, and advising consumers to scrutinize the "4 Ps" - Place, Price, Packaging, and Product - before purchasing alcohol.
The Director-General of NAFDAC, Prof. Mojisola Christianah Adeyeye, reaffirmed the Agency's commitment to eradicating counterfeit products nationwide and urged the public to report suspicious activities to the nearest NAFDAC office.

NAFDAC Bursts Large Hauls of Fake Wines, Soft Drinks, and Consumables – NAFDAC (Last Updated On: December 18, 2023)NAFDAC Bursts Large Hauls of Fake Wines, Soft Drinks, and Consumables December 18, 2023, The National Agency for Food and Drug Administration and Control, NAFDAC, has intercepted counterfeiters involved in the production of variety of beverages including wines, so...

IMPORTANT UPDATE: MSC reroutes Suez traffic to Cape following incident in Red Sea.

On 15 December, the MSC Palatium III was attacked while transiting the Red Sea. Fortunately, all crew members are safe with no reported injuries. The vessel suffered minor fire damage and has been taken out of service.

Due to this incident, and to protect the lives and safety of our seafarers, MSC ships will not transit the Suez Canal Eastbound and Westbound until the Red Sea passage is safe.

We're rerouting some services via the Cape of Good Hope, ensuring uninterrupted and secure operations.

Read more: https://bit.ly/3Nvz8qq

NEWS: WSC calls for decisive action to protect seafarers in the Red Sea region.
The World Shipping Council is deeply alarmed and concerned about the escalating security crisis unfolding in the Red Sea region. The disturbing surge of attacks on vessels poses an imminent threat to the safety and lives of the seafarers navigating these waters.

The right of freedom of navigation stands as a fundamental right under international law, and must be safeguarded. The World Shipping Council urgently calls upon the global community to take decisive action to protect seafarers and freedom of navigation.

The time for resolute international engagement is now.

Read more: https://ecs.page.link/xHTUa

𝐆𝐥𝐨𝐛𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐝 𝐑𝐞𝐭𝐚𝐢𝐥 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 : 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐀𝐧𝐝 𝐏𝐢𝐭𝐟𝐚𝐥𝐥𝐬 (𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧)

Retail logistics refers to the process of managing and coordinating the movement of goods, materials, and products from suppliers to the final consumers in the retail industry. It involves various activities such as procurement, transportation, inventory management, warehousing, order fulfillment, and distribution, all aimed at ensuring that the right products are available in the right quantities at the right locations and at the right time to meet customer demands. This involves the planning and coordination of activities across the entire supply chain, from raw material suppliers to manufacturers to distributors to retailers and ultimately to consumers.

The widespread adoption of online shopping and the continuous growth of e-commerce platforms have led to a surge in demand for retail logistics services. As consumers increasingly prefer shopping online due to its convenience and broader product selection, the pressure on logistics providers to handle these orders efficiently and swiftly has intensified. Retailers and logistics companies need to meet these expectations to retain customer loyalty.

Real-time tracking or demand forecasting and inventory optimization technologies have become vital tools for retailers to ensure they have the right products in stock and ready for shipping. E-commerce allows businesses to reach a global customer base. As companies expand their operations internationally, logistics becomes even more complex due to cross-border shipping, varying regulations, and different customer expectations.

The retail logistics is segmented on the basis of type, solution, mode of transport, and region. By type, the market is divided into conventional retail logistics and e-commerce retail logistics. By solution, the market is classified into commerce enablement, supply chain solutions, reverse logistics & liquidation, transportation management, and others. By mode of transport, the market is classified into railways, airways, roadways, and waterways. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

To improve the efficiency of our existing ports, the Federal Government, through will be investing $1.1 billion to fully rehabilitate decaying port infrastructure at TinCan, Apapa, Rivers, Delta, Calabar and Onne ports. Some of these ports were built a century ago and haven’t been rebuilt since then.

Due to the decaying quay walls, the Terminal Operators are unable to deploy modern cargo handling equipment such as ship-to-shore cranes 🏗️. This often results in high turn around times of vessels.

The rehabilitation will include;

— Tin-Can Island Port Complex (TCIPC)
Reconstruction of 2, 563m Quay Wall & Pavement including other works.

— Lagos Port Complex (Apapa Quays)
Reconstruction of 2,020m Quay wall to replace the old gravity wall (Berths 4-14).

— Warri, Delta State
Rehabilitation of collapsed 8.6 km Escravos Breakwaters.

— FLT 2, Onne Port
Reconstruction of 200m Quay Wall.

— Warri Old Port (Terminal C) Reconstruction of 80m sheet pile wall structure.

— Warri Old Port (Terminal A) Reconstruction of 280m quay structure.

— Calabar Dockyard
Rehabilitation of the Calabar Dockyard.

— Mciver Jetty, Calabar Port Jetty reconstruction.

— Millero Jetty, Calabar Port
Jetty Reconstruction.

When this is completed, the existing ports will be operational at full capacity and with improved efficiency, thereby reducing the TAT of vessels and cargo dwell times.