Timber & Furniture: March 2022

Wednesday, 9 March 2022

Cargo Request

We need cargo from Turkey to West AfricaVessel Type: General CargoDW: 1150 tKindly get in touch with cargo details using below contact address.Thanks

Get in touch

Ship Marine Trading Club - Cameroon
O.M - Lobga Derick Sullivan
Mob/ WhatsApp: +237 683 823 632 | Email: smtc.douala@gmail.com

Shipping | Ship Management | Consulting
http://www.shipmtclub.com/2022/03/09/cargo-request-from-turkey-to-west-africa/

Cargo Request

We need cargo from Turkey to West AfricaVessel Type: General CargoDW: 1150 tKindly get in touch with cargo details using below contact address.Thanks

Get in touch,

Ship Marine Trading Club - Cameroon
O.M - Lobga Derick Sullivan
Mob/ WhatsApp: +237 683 823 632 | Email: smtc.douala@gmail.com

Shipping | Ship Management | Consulting
http://www.shipmtclub.com/2022/03/09/cargo-request-from-turkey-to-west-africa/

Vessel Type: General Cargo Ship

Built: 1981

Flag: Palau

Carrying Capacity: 2000t DWT

Current Draught: 4.8 meters

Length Overall (LOA): 74.19 meters

Width: 9.28 meters

Get in touch,

Ship Marine Trading Club - Cameroon
O.M - Lobga Derick Sullivan
Mob/ WhatsApp: +237 683 823 632 | Email: smtc.douala@gmail.com

Shipping | Ship Management | Consulting
http://www.shipmtclub.com/2022/03/09/sale-offer-general-cargo-ship-2/

General Cargo Ship

Built: 1985

Flag: Turkey

Carrying Capacity: 3350t DWT

Current Draught: 5 meters

Length Overall (LOA): 89.38 meters

Width: 12.5 meters

Get in touch,

Ship Marine Trading Club - Cameroon
O.M - Lobga Derick Sullivan
Mob/ WhatsApp: +237 683 823 632 | Email: smtc.douala@gmail.com

Shipping | Ship Management | Consulting
http://www.shipmtclub.com/2022/03/09/sale-offer-general-cargo-ship/

General Cargo Ship

Built: 1985

Flag: Turkey

Carrying Capacity: 3350t DWT

Current Draught: 5 meters

Length Overall (LOA): 89.38 meters

Width: 12.5 meters

Price: $1.7M

Get in touch,

Ship Marine Trading Club - Cameroon
O.M - Lobga Derick Sullivan
Mob/ WhatsApp: +237 683 823 632 | Email: smtc.douala@gmail.com

Shipping | Ship Management | Consulting
http://www.shipmtclub.com/2022/03/09/sale-offer-general-cargo-ship/

Monday, 7 March 2022

M.v TBN

LOCATION: FEA/SEA

INFO: 10749DWT/1995/JAP GEARED TWEEN

DETAILS: ABT 10749 DWT ON 8.5 M DRAFT BLT 1995, KK KANASASHI -SHIZUOKA, JPN

CLASS PMDS

DECKS 2, LOA 109.98 / BEAM 20.2M

2 HO / 2 HA, GRT 8011 / NRT 3537

M/E AKASAKA DIESELS LTD, MITSUBISHI (6UEC37LA) 4200 BHP

SPEED/CONS 11 8.5 IFO + 0.9MGO

GRAIN 15014 CBM, BALE 15014 CBM

GEARED 2C30, COMBINABLE 30 T

L.D.T 3462

CURRENTLY IN FEA/SEA

TRY USD 3.2 MLN, OWS IDEAS HIGHER

Get in touch,

Ship Marine Trading Club - Cameroon
O.M - Lobga Derick Sullivan
Mob/ WhatsApp: +237 683 823 632 | Email: smtc.douala@gmail.com

Shipping | Ship Management | Consulting
http://www.shipmtclub.com/2022/03/07/sale-offer-m-v-tbn-see-image/

MULTIPURPOSE VESSEL FOR SALE

LOCATION: ASUNCION

INFO:33M MULTIPURPOSE VESSEL

DETAILS:ABT 282 DWT ON 4.041 M DRAFT BLT 1980, GREAT YARMOUTH, UK

CLASS RINA DUEM/E CATERPILLAR 3512, 1360 BHP/ 1014 KW, 260-1600 RPM

GEARED 1C4, COMBINABLE 4 TL.D.T 365

CURRENTLY IN ASUNCION

TRY USD 0.14 MLN, OWS IDEAS HIGHER

PRICE: USD 140,000

Get in touch,

Ship Marine Trading Club - Cameroon
O.M - Lobga Derick Sullivan
Mob/ WhatsApp: +237 683 823 632 | Email: smtc.douala@gmail.com

Shipping | Ship Management | Consulting
http://www.shipmtclub.com/2022/03/07/sale-offer-multipurpose-vessel-for-sale-see-image/

Cargo Vessel for Sale Dw 1544 at Price 500k

Get in touch,

Ship Marine Trading Club - Cameroon
O.M - Lobga Derick Sullivan
Mob/ WhatsApp: +237 683 823 632 | Email: smtc.douala@gmail.com

Shipping | Ship Management | Consulting
http://www.shipmtclub.com/2022/03/07/sale-offer-cargo-vessel-see-image/

Gross revenues from port operations grew by 24 percent in 2021 to US$1.87 billion compared to the US$1.51 billion reported in 2020 mainly due to volume growth and improvement in trade activities at most terminals; favorable container mix; tariff adjustments at certain terminals; new contracts with shipping lines and services; higher revenues from ancillary services; contribution of new terminals – ICTSNL in Rivers State, Nigeria, Manila Harbor Center Port Services, Inc. (MHCPSI) in Manila, Philippines, Kribi Multipurpose Terminal (KMT) in Kribi, Cameroon, and IRB Logistica in Rio de Janeiro, Brazil; and net favorable impact of foreign exchange at certain terminals; partially tapered by decline in trade activities at certain terminals primarily due to the impact of COVID-19 pandemic. Excluding the contribution of new terminals in Nigeria, Philippines, Cameroon, and Brazil, consolidated gross revenues would have increased by 21 percent in 2021. Read more...
http://www.shipmtclub.com/2022/03/07/ictsi-2021-net-income-up-321-to-us428-57m-recurring-net-income-57-higher-at-us442-83m/

At least, three vessels have been affected by gunfire in the Black Sea off the coast of Odessa and Yuzhny. Two Russian commercial cargo ships were hit by Ukrainian missiles in the Sea of Azov. Read more...
http://www.shipmtclub.com/2022/03/07/russias-invasion-threatens-iron-steel-importation/

The government of the Gambia has reiterated its support for Dr Paul Adalikwu, Secretary General of Maritime OrgGambian Minister of Transport, Works and Infrastructure, Hon Bai Lamin Jobe, said this in Banjul when he received the MOWCA scribe,who came on a working visit as part of efforts to rebuild confidence, reposition the organisation for efficiency and make it more beneficial to member states. Read more...
http://www.shipmtclub.com/2022/03/07/gambian-government-seeks-technical-cooperation-with-mowca/

Friday, 4 March 2022

Compliance and legal requirements to register a company in Cameroon

Compliance and legal requirements to register a company in Cameroon
Are you ready to start a business in Cameroon? I be sharing with you today the compliance and legal requirements to register a company in Cameroon.

OpenHub Consulting Ltd
Call +237 699 421 947
| Company Incorporation | Business License
| Management & Accounting Services | Content Marketing

#businesscreationinCameroon #businessincorporation #BusinessRegistration #Cameroon #companyincorporation #Douala
https://bit.ly/3INV6An

Get Your Company Registered in 7 Days in Cameroon

Get Your Company Registered in 7 Days in Cameroon
Get your company registered in Cameroon with us. Start up friendly, satisfied clients, deadline never missed!

OpenHub Consulting Ltd
Call +237 699 421 947
| Company Incorporation | Business License
| Management & Accounting Services | Content Marketing

#BusinessinCameroon #businessincorporation #businesslicense #BusinessRegistration #Cameroon #companyincorporation #CompanyRegistration
https://bit.ly/36WoJ4l

Start preparing for your year-end accounts

Start preparing for your year-end accounts
As a small business, closing out the fiscal year may help you prepare better for the next one by going through relevant company data to understand the financial state of your business.

OpenHub Consulting Ltd
Call +237 699 421 947
| Company Incorporation | Business License
| Management & Accounting Services | Content Marketing

#accouting #STR
https://bit.ly/2U69Jrb

Company tax assessment period in Cameroon

The taxable income as well as the income tax in Cameroon are determined based on the income from the preceding year. For example, the income earned during the 2021 financial year will be taxed in 2022.

In the above case, the year of assessment for 2021 financial year is in 2022 and the taxable period is 2021.

Income tax assessment period

In Cameroon, the basis period is 12 months and in line with the calendar year. This means, the fiscal year begins on January 1st and ends on December 31st.

The company tax is assessed on profits realized within the 12-month period. However, there’s an exception to this rule when it comes to tax assessment period in Cameroon.

Businesses that are registered or start their activities within the last six months to the closing of the fiscal year may come up with their first balance sheet at the end of the following financial year.

In this case, the successive balance sheets drawn up is added together for assessment in the following financial year.

Recommended Read: Failure to file a tax return in Cameroon

Important

-

The accounting period for corporate tax is the time covered by the company statistical and tax returns.

Statistical and tax returns in Cameroon are usually due on March 15 of the following year for the previous financial year.

The tax year or tax period refers to the 12-month period covered by the tax return.

Individuals and businesses subscribed to corporate tax are subject to a tax year that begins on January 1 and ends on December 31.

The tax year maybe longer than 12 months in case the business starts activities within the last 6 months to the end of the tax year.

The accounting period in Cameroon is the same as the financial and calendar year.

The financial year is the year in which income is earned, and the assessment year is the year the income is assessed for statistical and tax returns filing and taxes paid.

Any confusion on the year of assessment may lead to untimely delay in filing your tax return. This will lead to penalties from the tax administration.

- Recommended Read: What happens if you fail to file the statistical & tax return on time?

How can we help you?

-

We can help you prepare the tax computation and file in your statistical and tax returns to the tax administration within the right year of assessment.

We can assist you to file your monthly advance tax on time and in accordance with demands from the legislator.

If you find out that this post helped you, make sure you share with others. Many businesses suffer from lack of this knowledge.

You can also leave a comment below for any contribution or questions. Use the contact below in case you need any of our services.

Checkout our YouTube Channel for short explainer videos

https://bit.ly/3pDlV2K

Year-end Accounting - Put together necessary paperwork

Year-end Accounting - Put together necessary paperwork
Most business owners juggle their year-end accounting procedures with the heavy sales and traffic they receive during the end of the year.

OpenHub Consulting Ltd
Call +237 699 421 947
| Company Incorporation | Business License
| Management & Accounting Services | Content Marketing

#DSF #StatisticalandTaxReturns #STR #yearendaccount
https://bit.ly/3HLowh8

Year-end Accounting - Record All Business Expenses

Year-end Accounting - Record All Business Expenses
Whether your business is established or you’re just beginning, tracking your business expense is a necessity.

When tracking your expenses, make sure you separate business expenses from personal expenses.

OpenHub Consulting Ltd
Call +237 699 421 947
| Company Incorporation | Business License
| Management & Accounting Services | Content Marketing

#FastTrackExcel #yearendaccount
https://bit.ly/3ttQbOL

Thursday, 3 March 2022

Suez Canal to Increase Tolls By Up to 10%

Egypt’s Suez Canal Authority said on Sunday it was increasing canal tolls by up to 10% for laden and ballast vessels, effective March 1.The decision was “in line with the significant growth in global trade, the improvement of ships’ economics, the Suez Canal waterway development and the enhancementEgypt’s Suez Canal Authority said on Sunday it was increasing canal tolls by up to 10% for laden and ballast vessels, effective March 1.The decision was “in line with the significant growth in global trade, the improvement of ships’ economics, the Suez Canal waterway development and the enhancementMarineLink NewsRead More

http://www.shipmtclub.com/2022/02/28/suez-canal-to-increase-tolls-by-up-to-10/

President Akufo-Addo Commissions Four Ships For Navy

President Nana Addo Dankwa Akufo-Addo has commissioned four new vessels for the Ghana Navy.

The four aluminium offshore vessels, christened Ghana Navy Ship Volta, Ghana Navy Ship Densu, Ghana Navy Ship Pra and Ghana Navy Ship Ankobra are to enable the Navy to provide dedicated security to the country’s offshore oil and gas installations. See more

http://www.shipmtclub.com/2022/02/27/president-akufo-addo-commissions-four-ships-for-navy/

Wednesday, 2 March 2022

President Akufo-Addo Commissions Four Ships For Navy

President Nana Addo Dankwa Akufo-Addo has commissioned four new vessels for the Ghana Navy.

http://www.shipmtclub.com/2022/02/27/president-akufo-addo-commissions-four-ships-for-navy/

Burnt Car Carrier Felicity Ace Sinks

The fire-ravaged car carrier Felicity Ace has sunk off the Portuguese Azores archipelago nearly two weeks after it caught fire, the vessel's manager said on Tuesday."Initial reports from the local salvage team state that the vessel had sunk at around 9 a.m.The fire-ravaged car carrier Felicity Ace has sunk off the Portuguese Azores archipelago nearly two weeks after it caught fire, the vessel's manager said on Tuesday."Initial reports from the local salvage team state that the vessel had sunk at around 9 a.m.MarineLink NewsRead More

http://www.shipmtclub.com/2022/03/01/burnt-car-carrier-felicity-ace-sinks/

NIMASA renews MoU on capacity building with World Maritime University

The Nigerian Maritime Administration and Safety Agency (NIMASA) has renewed its memorandum of understanding (MoU) with the World Maritime University (WMU), Sweden, to enhance capacity development and growth of the Nigerian maritime sector.

Speaking after the virtual signing of the MoU, the Director-General, NIMASA, Dr. Bashir Jamoh, noted that there is no substitute to education, adding that the collaboration with WMU is to advance maritime interests. See more

http://www.shipmtclub.com/2022/02/27/nimasa-renews-mou-on-capacity-building-with-world-maritime-university/

SMTC Chartering & Operations

http://www.shipmtclub.com/2022/03/02/smtc-chartering-operations/

Leave Nigeria’s maritime borders, commanding officer warns criminals

Forward Operating Base (FOB) Nigerian Navy in Ibaka, Mbo Council of Akwa Ibom State has warned those involved in criminal activities to desist forthwith.

The warning was issued by the Commanding Officer, FOB, Navy Capt. Muhammed Kabiru, while handing over seized 40 bags of rice to the Nigerian Customs Service, yesterday, at Ibaka. See more

http://www.shipmtclub.com/2022/02/27/leave-nigerias-maritime-borders-commanding-officer-warns-criminals/

NIMASA renews MoU on capacity building with World Maritime University

http://www.shipmtclub.com/2022/02/27/nimasa-renews-mou-on-capacity-building-with-world-maritime-university/

Ship Scrap Prices Continues Upward Momentum

Another promising week passed in the sub-continent markets this week, with resurgent Pakistani and Bangladeshi (in particular) markets putting down some show stopping numbers on available units.GMS reports haveing seen several Capes sold for HKC recycling in the mid USD 600s/LDT in recent weeks…Another promising week passed in the sub-continent markets this week, with resurgent Pakistani and Bangladeshi (in particular) markets putting down some show stopping numbers on available units.GMS reports haveing seen several Capes sold for HKC recycling in the mid USD 600s/LDT in recent weeks…MarineLink NewsRead More

http://www.shipmtclub.com/2022/02/21/ship-scrap-prices-continues-upward-momentum/

Ship Scrap Prices Continues Upward Momentum

http://www.shipmtclub.com/2022/02/21/ship-scrap-prices-continues-upward-momentum/

Tuesday, 1 March 2022

Prioritise cross-border cooperation in deliberations – Owusu-Bio to Ghana-Cote D'Ivoire Boundary Commissions

Deputy Minister for Lands and Natural Resources, Benito Owusu-Bio (MP) has urged the Boundary Commissions of Ghana and La Cote D'Ivoire to prioritarise cross-border cooperation in every aspect of their deliberations.

He said the successful implementation of mutually agreed decisions by stakeholders will not be possible if citizens of the border communities are not involved in the formulation and implementation phases of decisions made. See more

http://www.shipmtclub.com/2022/02/27/prioritise-cross-border-cooperation-in-deliberations-owusu-bio-to-ghana-cote-divoire-boundary-commissions/

‘Importers will source FX from Ghana, others if CBN stops funding banks’

Stakeholders in the maritime industry have said the Central Bank of Nigeria’s (CBN) plan to stop the sale of foreign exchange (FX) to commercial banks will drive importers to source funds from the Republic of Benin, Ghana and Togo.

They said the plan would lead to a massive movement of funds outside the country, as well as affect the economy negatively.

The President of the Shippers Association of Lagos (SAL), Jonathan Nicol, stated that the planned stoppage of forex to commercial banks has led to panic buying of foreign exchange and could cripple the economy. See more

http://www.shipmtclub.com/2022/02/27/importers-will-source-fx-from-ghana-others-if-cbn-stops-funding-banks/