Graphic Business News

Maesk Line leads shipping line performance

By: Maclean Kwofie
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Maesk Line is the highest operator in the country’s maritime space for 2018.
Maesk Line is the highest operator in the country’s maritime space for 2018.

ABOUT 28 shipping lines were involved in the containerised cargo trade which amounted to 653,550, 20-foot equivalent unit (TEU) for last year.

The highest operators were Maesk Line, with 211,074 TEUs representing 32.3 per cent and the Mediterranean Shipping Company (MSC), with 137,490 TEUs.

This was showed in the shipping quarter and outlook of the Ghana Shippers’ Authority (GSA). About 26 shipping agents were involved in the containerised trade to and from Ghana. Together, they handled 653,550 TEUs for the year 2018.

A total of 107 shipping lines and charterers participated in transporting the over 22 million tonnes of Ghana’s seaborne cargo (import and export) through the Ports of Tema and Takoradi in 2018.

The high performers in liner trade were CMA CGM with 24.49 per cent and Maersk Line with 18.58 per cent.

In the break bulk trade, Maersk Line moved the highest volume with 24.35 per cent, followed by Mediterranean Shipping Company with 20.25 per cent.

High performers for the dry bulk trade were I.M.T with 52.1 per cent and H.C Trading with 19.8 per cent. In the liquid bulk trade, BP Oil lnternational Ltd lifted the highest volume of 52.1 per cent.

Performance of shipping agents
About 69 shipping agents handled over 22 million tonnes of seaborne trade (import and export) through the Ports of Tema and Takoradi in 2018.

High performers in the liner trade were Maersk Ghana Ltd with 23.2 per cent of the volume and MSCA Ghana Ltd with 14.4 per cent.

The leading shipping agents in the break bulk trade were Maersk Ghana Ltd with 24.3 per cent and MSCA Ghana Ltd with 20.2 per cent.

In the dry bulk trade, the high performers were Supermaritime Ghana Ltd. with 49.9 per cent of the share and Hull Blyth Ghana Ltd with 20.6 per cent. In the liquid bulk trade, Inchcape Shipping Ltd handled 57.9 per cent of the volume while Oil and Marine Agencies (OMA) handled 30.2 per cent.

Port share
Cargo throughput for the Tema Port was 15.50 million tonnes, representing 67 per cent of the total seaborne trade, while the Takoradi Port recorded 7.62 million tonnes, representing 33 per cent of the total seaborne trade.

Total transit volume for the three landlocked countries of Burkina Faso, Mali and Niger amounted to 996,969 tonnes in 2018. This represented a decline of 3.2 per cent compared to 2017.

The transit trade comprised imports of 879,935 tonnes and exports of 87,034 tonnes for 2018. Major transit trade commodities included iron/steel/pipes, processed food/beverages, manganese, shea nuts and cashew nuts.

Global outlook
The World Bank predicts global economic growth to slow to 2.9 per cent in 2019 while the World Trade Organisation (WTO) Outlook Indicator for 2019 projects trade growth to slow to 3.7 per cent in 2019.

These are largely attributed to trade protectionism, tight conditions and the ongoing trade war between the two of the biggest world economies, United States of America (USA) and China.

China’s economy grew by just 6.6 per cent in 2018 compared to about 10.4 per cent in 2017.

Being one of the major trading countries in the world, China's slow economic growth is likely to hold a negative impact on the global maritime industry and consequently Ghana’s domestic economic situation.