Lome Port is now bigger than Lagos

Screen Shot 2018-10-25 at 3.33.07 PMLomé in Togo has become West Africa’s major port, surpassing Lagos. A key development backing Lomé was the commissioning of Lomé Container Terminal. It handles close to 890,000 TEU annually, close to 75 percent of Lomé’s total throughput of 1.2 million TEU. “The establishment of Lomé Container Terminal is part of a greater trend in West Africa, which sees more and more carriers becoming involved in ports and terminals. After all, carriers must go somewhere using their oversized ships,” says Wadey.

In 2017, 285 container ships sailed the seven intercontinental trade lanes to West Africa. Deployed by 24 different operators, their average capacity was 3,300 TEU. The biggest ship, a 13,600 TEU vessel, is operated by MSC in a hub and spoke service, connecting Lomé with a large number of regional ports by feeder.

More on this here.

Togo’s logistics play is an underrated phenomenon. Lome’s new airport is the hub of ASKY, a regional airline operated in conjunction with Ethiopian Airlines (which has a 40% stake in ASKY). Lome also functions as Ethiopia’s global hub in West Africa, with direct flights to the US and Latin America.

Togo, of course, is also led by a dictatorial dynasty which has dominated its political economy for over 50 years. Recent protests against President Faure Gnassingbé Eyadema’s autocratic rule have been met by brutal repression, resulting in dozens of deaths. Togo is the only country in the region that lacks presidential term limits.

 

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