An Assessment of the Relationship Among Cargo-Throughput, Vessel Turnaround Time and Port-Revenue in Nigeria. (A Study of Lagos Port Complex)

Authors

  • Sodiq Olusegun Buhari Faculty of Maritime Management Technology, Federal University of Technology, Owerri
  • Obed Ndikom Faculty of Maritime Management Technology, Federal University of Technology, Owerri
  • Nwokdi Theophilus Faculty of Maritime Management Technology, Federal University of Technology, Owerri

DOI:

https://doi.org/10.53555/nnbma.v3i7.54

Keywords:

Port-Revenue, Vessel-Turnaround-time, Cargo-Throughput

Abstract

A knowledge based economy remains the propeller for development in most developing nations. Adequate knowledge of the quantitative relationship among vessel turnaround-time, Cargo-throughput and revenue generated by a seaport constitute a determinant factor in forecasting the long-run financial performance of terminal operators and ports authorities. The study investigated the quantitative relationship among vessel turnaround-time, cargothroughput and port-revenue and the effect of such relationship on port performance in Nigeria. Since port performance, measureable by the level of revenue generated over time is dependent on cargo-throughput and ship turnaround-time, multiple regression method was used in analyzing the time series data of 15 years. The result of the analysis reveals a significant impact of ship turnaround-time and cargo-throughput on port-revenue. The relationship between port-revenue and each of cargo-throughput and ship turnaround-time is: Y = 106.22X1 + 55.064X2 -10753.216 + e. The study recommended improved investment in port infrastructure to improve ship turnaround-time and cargo-throughput, and maximize port-revenue.

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Published

31-07-2017

How to Cite

Buhari, S. O., Ndikom, O., & Theophilus, N. (2017). An Assessment of the Relationship Among Cargo-Throughput, Vessel Turnaround Time and Port-Revenue in Nigeria. (A Study of Lagos Port Complex). Journal of Advance Research in Business, Management and Accounting (ISSN: 2456-3544), 3(7), 01-09. https://doi.org/10.53555/nnbma.v3i7.54

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