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Sea and Coastal Water Transport in Ghana
BY Carole Veitch
Ghana
16 December 2020
R 10 080.00 (ZAR)  
estimated $ 668.29 (USD) *
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Sea, Coastal and Inland Water Transport in Ghana


As a gateway to the Gulf of Guinea and an important sub-regional transit trade corridor, Ghana is a strategically important maritime trading hub. Ghana’s sea, coastal and inland water transport system facilitates trade and plays a crucial role in the movement of passengers and goods. Its Tema port contains the largest container terminal in West Africa. Ghana’s commercial ports collectively receive more than 3,000 vessel calls annually and handle around 85% of the country’s total trade volumes.


Expansion and Modernisation


Ghana received 314 fewer vessel calls in 2019 than the prior year, and while the volume of traffic was lower, the upgrading of Tema Port has allowed larger ships to dock. The expansion and modernisation of Ghana’s port infrastructure have improved efficiency and eased port congestion. Increased efficiency and streamlined processes have lowered the cost of doing business. Port authorities are focusing on accelerating turnaround times.


New Terminal


Construction of the US$330m Boankra Integrated Logistics Terminal, aimed at boosting coastal shipping and inland water transport to reduce congestion on road networks, started in November after an 18 year delay. The terminal, scheduled for completion in 2023, is expected to reduce the cost of transporting cargo to and from the middle and northern regions of Ghana. The Trans-Volta logistics project set to start in 2021, will establish an inland port network for fuel and cargo transport.


Report Coverage


This report focuses on the transport of cargo and passengers by sea and inland on Lake Volta. It includes comprehensive information on the country and its ports and water transport infrastructure, the state and size of the sector, trade statistics, regulations, developments and influencing factors including the economic environment and coronavirus. There are profiles of 21 companies including Meridian Port Services, which operates Tema port, Maersk Ghana, a major player in the liner and break-bulk segments, and Supermaritime Ghana, which has a major share of the dry bulk segment.


Page
1. INTRODUCTION 1
2. COUNTRY PROFILE 1
2.1. Geographic Position 2
3. DESCRIPTION OF THE INDUSTRY 5
3.1. Industry Value Chain 7
4. SIZE OF THE INDUSTRY 8
5. STATE OF THE INDUSTRY 10
5.1. Local 10
5.1.1. Trade 12
5.1.2. Corporate Actions 15
5.1.3. Regulations 16
5.2. Continental 18
5.3. International 20
6. INFLUENCING FACTORS 27
6.1. Coronavirus 27
6.2. Economic Environment 28
6.3. Rising Input Costs 29
6.4. Technology, Research and Development (R&D) and Innovation 29
6.5. Government Interventions 31
6.6. Environmental Concerns 31
6.7. Labour 33
6.8. Off-shore Oil and Gas 34
6.9. Piracy 34
7. COMPETITION 35
7.1. Barriers to Entry 36
8. SWOT ANALYSIS 36
9. OUTLOOK 37
10. INDUSTRY ASSOCIATIONS 38
11. REFERENCES 38
11.1. Publications 38
11.2. Websites 39
APPENDIX 1 40
Ghana’s Seaborne Trade - 2019: Shipping Lines and Charterers (volumes in tons) 40
APPENDIX 2 45
Ghana’s Containerised Cargo Trade - 2019: Shipping Lines and Charterers (Volumes in TEUs) 45
APPENDIX 3 46
Summary of Notable Players 46
COMPANY PROFILES 48
BLUCHIP LOGISTICS LTD 48
BOLLORE TRANSPORT & LOGISTICS GHANA LTD 50
BULK OIL STORAGE & TRANSPORTATION COMPANY LTD 52
CMA CGM GHANA LTD 54
GMT SHIPPING GHANA LTD 56
HULL BLYTH GHANA LTD 57
INTER MARITIME SERVICES LTD 59
INTERMODAL SHIPPING AGENCIES GHANA LTD 61
LOGICAL MARITIME SERVICES LTD 62
MAERSK GHANA LTD 64
MERIDIAN PORT SERVICES LTD 66
MSC MEDITERRANEAN SHIPPING COMPANY GHANA LTD 69
OMAROIL AGENCY LTD 71
PIL (GHANA) LTD 73
R&G LOGISTICS LTD 75
RACHANS LOGISTICS LTD 77
RICH FREIGHT SERVICES LTD 79
SHARAF SHIPPING AGENCY LTD 81
SPEL OIL COMPANY LTD 83
SUPERMARITIME (GHANA) LTD 84
VOLTA LAKE TRANSPORT COMPANY LTD 86