N A T I O N A L P O R T A U T H O R I T Y O F LIBERIA AUTHORITY PROFILE

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1 N A T I O N A L P O R T AUTHORITY PROFILE

2 N A T I O N A L P O R T A LETTER FROM THE MANAGING DIRECTOR This year has been yet another year of phenomenal growth and development for the National Port Authority of Liberia. I would like to take this opportunity to thank all stakeholders the board members, staff members, port users, consultants, investors and ministerial medium for the part they have played in our success. Without the partnership and cooperation of the various agents that make the port go round, this year may have been a challenging one. I present our milestones and operational numbers with great pride. Despite, the financial constraints surrounding our capital investments, my team has been diligent in tackling the agenda we set forth. The most pertinent examples can be seen in the negotiations of four large scale concession agreements (China Union, Western Cluster, Golden Veroleum, and Dangote Cement) poised to create thousands of jobs and contribute millions in revenue to our developing economy. Operational highlights of the year include the following: Total cargo throughput for the Authority increased by 104% Actual total operating revenue for the Authority increased by 52% Imports for the Authority increased by 27% and exports by 241% Cargo traffic at the Freeport of Monrovia increased by 35.8% Container traffic at the Freeport of Monrovia increased by 20.3% Freeport of Monrovia Net Registered Ton (NRT) increased by 13% Outport* (Port of Buchanan, Greenville and Harper) cargo traffic increased by % Outport* vessel traffic increased by 49.5% In 2013, our development strategy remains consistent as we continue to reduce expenses and increase our bottom line while investing wisely. However, we will also turn a new leaf to focus on the automation of our systems and further capacity building. To address the key components in our 25 year master plan that is set to debut at the tide of the new year, we must continue to increase the effectiveness and efficiency of our physical, human and intellectual capital. The 2013 year is appropriately themed Developing our ports, developing our people, developing our nation to reflect this new focus is poised to be a thrilling year with many firsts for the National Port Authority of Liberia. We hope we can count on your support. Forward, Matilda Parker Managing Director 3 WELCOME TO 1

3 AT A GLANCE N A T I O N A L P O R T [ECONOMY] GDP - real growth rate 9% (2012) 8.2% (2011) 6.1% (2010) GDP per capita $700 US GDP composition by sector Agriculture: 76.9% Industry: 8% Services: 22% Agriculture products Rubber, coffee, cocoa, rice, cassava, (manioc), palm oil, sugarcane, bananas, sheep, goats, timber Industries Rubber processing, palm oil processing, timber, diamonds Exports partners US 21.2%, Spain 10.3%, Cote d Ivoire 6.1%, Germany 5.7%, Japan 5.6%, China 5.4%, Canada 4.9% Imports partners South Korea 41.8%, China 28.3%, Japan 18.6% Exchange Rates Liberian dollars (LRD) per US dollar - 74 [PEOPLE & SOCIETY] Nationality Noun: Liberian(s) Adjective: Liberian Ethnic Groups Bassa, Belleh, Congo, Gio, Gola, Grebo, Kissi, Kpelle, Krahn, Kru, Lorma, Mano, Mande, Mandingo, Vai and Others Languages Official language is English; 30 indigenous languages Religions Christian, Muslim, Traditional, and others Population 3,887,886 Population growth rate 2.609% Urbanization Urban population 48% Rate of urbanization 3.4% [GEOGRAPHY] Location - West Africa, bordering the North Atlantic Ocean between Cote d Ivoire and Sierra Leone Area - Total: 111,369 sq km, Land: 96,320 sq km, Water: 15,049 sq km Coastline km Maritime Claims - Territorial sea: 200 nm Climate - Tropical, hot and humid dry seasons, with cool to cold nights, with frequent heavy showers during raining season Terrain - Mostly flat to rolling coastal plains rising to rolling plateau and low mountains in northeast Natural resources - Iron ore, timber, diamonds, gold [GOVERNMENT] Country Name Conventional long form: Republic of Liberia Capital Name: Monrovia Independence 26 July 1847 Legal System Mixed legal system of common law based on Anglo-American law; customary law 2

4 BOARD & MANAGEMENT N A T I O N A L P O R T BOARD OF DIRECTORS Hon. M. Nathaniel Barnes Chairman Hon. Morris M. Dukuly, Sr. Vice Chairman Hon. Amara M. Konneh Minister of Finance & Statutory Member Hon. Miata Beysolow Minister of Commerce & Statutory Member Hon. Florence Chenoweth Minister of Agriculture & Member Hon. Eugene Lenn Nagbe Minister of Transport & Member Hon. Rudolph J. Merab Member & President of the Liberia Timber Association Hon. Samuel Wlue Member Madame Mary T. Broh Member & Mayor of Monrovia Madame Grace Tee-Kpaan Member & Superintendent of Montserrado County Hon. James Davies Member Madame Faustina Merchant Member Madame Maureen Shaw Member Cllr. David B. Gibson, Jr. Member & President of the Stevedore & Shipping Association Madame Matilda Parker Secretary & Managing Director EXECUTIVE MANAGEMENT Matilda W. Parker Managing Director Nyekeh Y. Forkpa Deputy Managing Director/ Administration Jeffrey George Deputy Managing Director/Legal Affairs Christina Kpabar Paelay Comptroller 3 Captain Armett Epaphroditus Hill Harbor Master

5 PORT SYSTEMS N A T I O N A L P O R T THE NATIONAL PORT AUTHORITY The National Port Authority (NPA) is the seaport Authority in the Republic of Liberia established by an Act of the National Legislature in 1967 and amended in 1970 as a state-owned corporation to manage, plan, and build all public ports in Liberia. The Freeport of Monrovia, Port of Buchanan, Port of Greenville, and Port of Harper make up the entity s port network. FREEPORT OF MONROVIA The harbor at the Freeport of Monrovia is protected by two rock breakwaters approximately 2,300 meters and 2,200 meters long, enclosing a basin of 300 hectares of protected water. The marginal wharf (main pier) is 600 meters long and capable of berthing 3 to 4 ships, dependent on the vessel size. The Freeport of Monrovia also has three finger piers: Liberia Mining Company (LMC), National Iron Ore Company (NIOC), and Bong Mines Company (BMC) Piers. 4

6 N A T I O N A L P O R T THE PORT OF BUCHANAN The Port of Buchanan is located 272 kilometers south-east of Monrovia. It is the second largest port in our network. This year, the port handled the majority of the nation s exports. The harbor is protected by two breakwaters 1,890 meters and 590 meters long. Inside the basin, a 225 meter long ore loading quay is located adjacent to the commercial loading quay, providing a water depth of 10.5 meters below chart datum. Adjacent to the loading quay another waiting berth for ore carriers is available. On the inner side of the secondary breakwater, is a commercial quay, 334 meters long with available water depth of 9.5 meters below chart datum. The access channel to the Port provides ships a water depth 11.5 meters below chart datum and a channel width between the breakwaters of 210 meters. Shipping activities have increased because of the logging and the equipment handling agreement with UMARCO which has improved the Port s handling capacity and efficiency. Other companies including Chevron, Equatorial Palm Oil, and others are expected to make extensive use of the Buchanan Port facility, thus increasing the revenue earning potential of NPA. This expected increase in shipping activities also creates the need for additional investment to improve operational efficiency and accommodate both new and old customers. 5

7 N A T I O N A L P O R T THE PORT OF GREENVILLE The Port of Greenville is located in the southeastern region of the country, about kilometers from the Freeport of Monrovia. The harbor is protected by a 400 meters long breakwater, and on its inner side, by two quays. There are two berthing facilities, 70 meters and 180 meters respectively, with an existing depth 8/9 meters below chart datum. With the signing of fourteen (14) logging, one (1) iron ore, and two (2) oil palm concessions, we anticipate high vessel traffic at this port in the coming years. 6

8 N A T I O N A L P O R T THE PORT OF HARPER The Port of Harper is located in the southeastern region of Liberia, near the border with the Ivory Coast, about kilometers from the Port of Monrovia. The Port was constructed on the Rocky Russwurn Island, by connecting the island to the mainland with a causeway, and by constructing a 150 meter long breakwater. Berthing facilities are provided by a 100 meter long reinforced pier with available water depth of 5.50 meters on both sides. Its activities are centered on the exportation of logs and sawn timbers from the southeastern hinterland. The Port of Harper will be expanded to handle the anticipated traffic from the reactivation of the oil palm sector and other derivative economic activities in the region. 7

9 CORPORATE SOCIAL RESPONSIBILITY N A T I O N A L P O R T At the National Port Authority of Liberia, we understand the importance of being a vital member of the communities in which we work. In alignment with this responsibility, we are a member of the Corporate Social Responsibility Forum and have continued to support many civil society and athletic organizations. For nearly 40 years, we have produced highly competitive sports teams and associations, namely the NPA Anchors football team, the Pythons basketball team, the Old-timers Sports Association and the NPA Sports Association. To lend logistical support this year, we donated a 24 seater-bus to the NPA Sports Association to assist with transportation to and from local and national games. Moreover, during this period under review, the NPA donated over 100,000 in financial contributions to many organizations. The following are a few of the organizations we have supported this year: Free Education School System, Group 77, Gbunell Town, Ministry of Education (Youth Scholarships), Ministry of Information, Culture and Tourism (Culture Program), the Liberia Albino Society Inc., and the Coalition of Youth & Students Association amongst others. Additionally, this year we opened the Freeport of Monrovia to regularly scheduled port tours guided by our Director of Ports & Harbors. These educational tours are opened to groups interested in learning about a seaport s role in the economy and developmental projects in our Authority. Already, we have hosted a multitude of schools and student associations on port tours that included intimate round table discussions with our Managing Director, Deputy Managing Directors and Comptroller. Nonetheless, a major highlight of our year of giving includes our Community Holiday parties that we took on the road to five communities in the Republic. In the Monsterrado, Bassa, Sinoe and Maryland counties we celebrated with nearly 3,000 children and families in the townships of West Point, New Kru Town (Monrovia), Seebeh Town, Moe Town and New Kru Town (Harper City). MD Matilda Parker hands out gifts to children in New Kru Town (Monrovia). Elementary students from the Children Charity Institute in Upper Caldwell tour the port. Port of Buchanan manager Patrick Konneh welcomes children and their families. The objective of these celebrations was to intimately identify with the children and families of the areas that surround our ports. These outreach initiatives are very close to the heart of the NPA family as our casual workers, employees and staff members are often products of these environments. Many of them have raised or supported families in port communities. To the children, our intention was to depict that the NPA remains committed to development in their communities. As they represent beacons of hope, we expressed that we are working hard to create jobs that they can one day fill. In the spirit of the holiday season, we gifted a toy to every child and provided food, music and entertainment. We will continue to illustrate our commitment to charitable giving by continuing to foster long term relationships with schools, orphanages, associations, and civil society groups in our surrounding port communities. 8

10 OPERATIONAL HIGHLIGHTS N A T I O N A L P O R T FREEPORT OF MONROVIA VESSEL TRAFFIC Variance % Change Vessel % NRT 1,876,397 2,112, , % SDWT 5,257,347 5,673, , % Table 1: Freeport of Monrovia Vessel, NRT & SDWT Analysis 2011 & 2012 CARGO TRAFFIC Variance % Change Import 1,442, ,821, , Export 230, , , Total Volume 1,673, ,271, , Table 4: Freeport of Monrovia Total Cargo Trade Analysis in Metric Tons 2011 & 2012 CONTAINER TRAFFIC Variance % Change Import 36,876 43,628 6, Export 34,264 41,961 7, Total Volume 71,140 85,589 14, Table 6: Freeport of Monrovia Total Container Trade Analysis in TEUs 2011 & 2012 THE OUTPORTS (BUCHANAN, GREENVILLE, & HARPER) VESSEL TRAFFIC Outport No. Vessel SDWT NRT No. Vessel SDWT NRT Buchanan 60 1,223, ,264,213 1,114,428 Harper 49 69,856 2, ,042 2,757 Greenville ,472 55,789 Total 109 1,293,739 2, ,395,727 1,172,974 Table 11: Outports Vessel & SDWT Outports Summary 9

11 N A T I O N A L P O R T CARGO TRAFFIC Outport Import Export Import Export Total Thru Total Thru % Change Buchanan 21, , , ,357, ,166 2,662, % Harper 10,298 1, , , , , % Greenville , , % Total 31, , , ,419, , ,733, % Table 12: Outports Cargo Summary in Metric Tons Variance % Change Import 21,599 34,229 12, % Export 609,567 2,357,652 1,748, % Total Volume 631,166 2,391,881 1,760, % Table 15: Port of Buchanan Total Cargo Trade Analysis in Metric Tons THE AUTHORITY NETWORK VESSEL TRAFFIC Total Variance % Change Freeport of Monrovia % Outports % Total % Table 23: Authority Network Vessel Traffic Analysis CARGO TRAFFIC YEAR IMPORT EXPORT TOTAL THROUGHPUT ,866, ,868, ,735, ,473, , ,316, ,350, , ,709, ,048, ,482 1,298, ,232, , ,476, ,022, , ,288, ,110, , ,337,228.1 Table 24: Authority Network Cargo Traffic for 9 years in Metric Tons , , ,148, , , ,055,719.1 TOTAL 10,838,521 5,527, ,365,

12 FINANCIAL HIGHLIGHTS INCOME SUMMARY N A T I O N A L P O R T NATIONAL PORT AUTHORITY INCOME SUMMARY ACTUAL 2012 VS. BUDGET 2012 US DOLLARS REVENUE ACTUAL 2012 BUDGET 2012 VARIANCE $ % REVENUE Concession Fees 6,487,326 5,635, ,769 15% Loose Cargo Handling 383, ,733-94,881-20% Container Handling Storage Marine Facilities 4,529,114 4,731, ,950-4% Land and Building Leases 8,198,660 8,244,409-45,749-1% Miscellaneous Revenue 532, , ,343 35% Outports 5,990,831 3,447,094 2,543,737 74% Total Operating Revenue 26,122,617 22,930,349 3,192,268 14% EXPENSE Payroll & Related Expenses 3,799,771 4,811,060 1,011,288 21% Supplies 203, ,415 25,755 11% Operating Expenses 2,019,661 3,234,330 1,214,670 38% Administrative Expenses 6,942,262 6,661, ,161-4% Non-operating Expenses 1,986,527 2,473, ,287 20% Total Operating Expenses 14,951,881 17,409,720 2,457,839 14% Revenue After Operating Expense 11,170,736 5,520,629 5,650, % Depreciation -2,101,820-2,101, Total -Depreciation -2,101,820-2,101, Net Operating Revenue(Loss) 9,068,916 3,418,809 5,650, % Other Income Sources/ GOL Subsidy 8,000,000 8,000, GOL-Loan Total Subsidy/Loan 8,000,000 8,000, NET INCOME (LOSS) 17,068,916 11,418,809 5,650,107 49% 11