Nigeria Shipping Report

Published 20 April 2015

  • 90 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
Nigeria Shipping Report

BMI View: Although Nigeria's wider economy is characterised by an overreliance on oil exports and lack of domestic pr oductive capacity, the former does provide upside risk to our forecasts going forward, with Nigerian ports set to re ap the benefits over the medium term.

Modest growth will be the order of the day in 2015 across Nigeria's main ports, with the port of Sapele set to lead the way in terms of year-on-year (y-o-y) growth (3.00%). Meanwhile, the country's largest port in Lagos is poised to register y-o-y gains of 2.00%, which is slightly below growth rates at the ports of Harcourt and Tincan Island (2.5% and 2.5%, respectively).

We have recently revised down our growth forecasts for Nigeria, to reflect our view that lower oil export revenue will lead to a reduction in both private consumption and fixed investment this year and next. We are now well below consensus on growth for both years, at 3.9% in 2015 and 4.0% in 2016, compared to Bloomberg consensus forecasts of 4.9% and 5.7% respectively (and our previous 5.6% and 5.7% forecasts).

Headline Industry Data

  • 2015 port of Lagos (Apapa) tonnage throughput is forecast to increase by 2.00% to reach 23.27mn tonnes.

  • 2015 port of Harcourt tonnage throughput is forecast to increase by 2.50% to reach 5.33mn tonnes.

  • 2015 port of Tincan Island throughput is forecast to increase by 2.40% to reach 17.22mn tonnes.

  • 2015 total trade is forecast to contract by 14.28%.

Key Industry Trends

President Vows To Open More Inland Ports To Ease Lagos Congestion: Then President Goodluck Jonathan said that the Nigerian government aims to open more inland ports in the country to ease congestion at terminals in Lagos, it was reported in early March 2015 by Customs Today.

Transport Investment Indicates Logistics Potential : Nigeria, Angola and Ghana need to invest more to maintain their competitiveness, according to our Infrastructure Key Projects Database and Logistics Risk Index. Transport infrastructure...

Table of Contents

BMI Industry View
Operational Risk
Industry Forecast
Port Of Lagos Throughput
Table: Major Ports Data (Nigeria 2012-2019)
Table: Trade Overview (Nigeria 2012-2019)
Table: Key Trade Indicators (Nigeria 2012-2019)
Table: Top Import Destinations, 2006-2013
Table: Top Export Destinations, 2006-2013
Market Overview
Nigeria Container Shipping Market Overview
Shipping - Global Industry View
Three Container Routes To Watch In 2015
Global Company Strategy
Maersk Line
Mediterranean Shipping Company (MSC)
Evergreen Line
COSCO Container Lines Company (COSCON)
Macroeconomic Forecasts
Economic Analysis
Table: Economic Activity (Nigeria 2010-2019)
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (Nigeria 1990-2025)
Table: Key Population Ratios (Nigeria 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Nigeria 1990-2025)
Table: Population By Age Group (Nigeria 1990-2025)
Table: Population By Age Group % (Nigeria 1990-2025)

The Nigeria Shipping Report has been researched at source and features latest-available data and BMI Research's independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Nigeria.

BMI's Nigeria Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Nigeria.

Key Benefits

  • Benchmark BMI's independent shipping industry forecasts for Nigeria to test other views - a key input for successful budgeting and strategic business planning in the Nigerian shipping market.
  • Target business opportunities and risks in Nigeria through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.


BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.

Market Overview

Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.

Industry Forecast Scenario

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).

Company Profiles

Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.

Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%


'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc