Uncertainty Heralds Trade Facilitation exit

January 6, 2021 New Telegraph 0 Comments

Amid uncertainty caused by coronavirus, stakeholders have said there will be limitations to a quick rebound in maritime industry this year, BAYO AKOMOLAFE reports

The third-quarter volume growth in the global containerised trade had raised the expectation of maritime stakeholders that this year would mark a startling turnaround in the shipping industry despite the presence of coronavirus pandemic. For instance, in its global shipping sector outlook, Fitch Ratings said that there would be partial rebound in demand across freight categories in 2021 based on current expectations for a global economic recovery. Also, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, said that the nation’s maritime domain would witness significant progress in security, safety and shipping in 2021 as technological developments would increase efficiency and growth and further give an extremely competitive edge to those that embrace technology. Read More.

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