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Monthly Markets Monitor

Dynamar is on top of the developments in the worldwide shipping markets. On a continuous, daily basis, we scan, check and process information on all relevant shipping sectors, markets and companies. The resulting experience and know how on 5 all-important segments flows into this particular report. Please click for a free sample!

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Latest news

  • 17 December 2020

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West Africa Container Trades (2018)

Dynamar's fifth biennial, fully updated and thoroughly researched survey covering the West Africa Container Trades has just been released. For all involved in the shipping and logistics process in whatever capacity, this survey provides a wealth of valuable information on the West Africa worldwide container trades.

West Africa comprises twenty-five different countries, big and small, onshore and offshore, including 5 landlocked countries. The total region encompasses around 9,700 kilometers of coastline and a land area of 12.75 million square kilometers. The region contains over than 535 million people and has a trade value of USD 294 billion. Its GDP is estimated at USD 802 billion. In this edition of the West Africa study we have introduced three West Africa coastlines or components.  These are the North Atlantic, Gulf of Guinea and South Atlantic.  Each has their own characteristics, for example, the latter two are heavily involved in the oil and gas sectors and this is reflected in their economic performances in particular.

Historically, West Africa has had a poor connection to the world through container liner shipping services. However, in recent years this has improved, growing at around the same absolute rate as the global average. Togo became the first country to surpass the global average in 2016. Togo’s growth is directly influenced by MSC and Lomé Container Terminal, evidencing the increased impact of carriers on local facilities.  While Togo moved up, West Africa’s leading economic power Nigeria has moved down. It was the highest ranked West Africa country in 2015 but is now only fifth in terms of liner connectivity.

Following two difficult years, West Africa returned to growth in 2017, continuing into 2018 in tandem with improving oil prices. However, with carriers falling over each other to fill capacity-requirements with ever larger ships, West Africa trades still struggle to recover. Only a quarter of the twenty-four carriers which service West Africa saw the Annual Trade Capacity they generate grow since 2016. West African ports now have to adapt to handle this increase in vessel-size, or risk losing their relevance in the area. Already, over a dozen West African outlets can or will be able to accept vessels larger than 10,000 TEU. And yet Nigeria lags behind, peaking at ships of 4,600 TEU.

As well as the liner trade structure, carriers involved, annual trade capacity analyses and the supporting port and terminal developments, Dynamar's comprehensive report also gives due attention to these regional and national specific factors. 

Dynamar's West Africa Container Trades (2018) offers insight into: 

·         8 deepsea trade lane analyses (services, carriers, ports and carryings)

·         54 deepsea services outlines 

·         24 trade-related carrier profiles 

·         5-year full container statistics

·         5-year main West Africa port throughputs

·         25 country statistical profiles

·         Annualised trade capacity per carrier, trade lane, service, port

·         Key port developments 

·         Global and international terminal operators' presence

·         Vessels deployed both current and past

·         Main commodities shipped, trade flows and partners 

·         Economic, trading and other regional contexts

·         ...and more

Included are six monthly updates on fresh developments and any new trade statistics becoming available during this period.

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