Connect with us

Business

Nigeria-China Trade Strengthened as Grimaldi Introduces Direct Shipping Line

Published

on

Trade - Investors King

The Grimaldi Group has launched the first-ever direct shipping service connecting Shanghai, China to Lagos, Nigeria.

The new service is set to address long-standing challenges faced by Nigerian importers, including delays caused by transshipment and high logistics costs.

Announcing the initiative in Lagos, the Managing Director of Grimaldi Agency Nigeria and PTML Terminal, Mr. Ascanio Russo, said this is transformative and has significantly cut down on shipping time to 27 days.

“This is the fastest transit time in the industry—no transshipment, no delays! Nigerian importers can now ship their goods with ease and confidence, knowing their cargo will arrive directly and on time,” he said.

The service, which will operate through Grimaldi’s PTML Terminal at Tin Can Island Port, promises to provide efficient logistics for transporting containers, vehicles, heavy equipment, and project cargo.

Russo said the initiative would ease the financial burden on Nigerian businesses by eliminating delays and multiple handling points.

“With this direct shipping service, we are addressing one of the key challenges faced by Nigerian importers—unnecessary delays caused by transshipments through other ports. This direct route reduces costs, eliminates risks, and simplifies logistics for businesses in Nigeria,” Russo stated.

Importers and exporters have welcomed the development, praising its potential to improve the ease of doing business and strengthen economic ties between Nigeria and China.

“This is a significant milestone for Nigerian trade. It will not only save time but also reduce overall shipping costs, which is crucial for small and medium enterprises.”

“This new service is a testament to Grimaldi’s dedication to innovation, customer satisfaction, and the development of Nigeria’s maritime sector,” Russo said.

The Grimaldi Group has positioned the service as a critical component in boosting Nigeria-China trade relations.

With competitive freight rates and streamlined operations, the initiative is expected to create new opportunities for Nigerian businesses and further integrate the country into global supply chains.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Comments
Advertisement
Advertisement
Advertisement