Panuel Group is a Nigerian company involved in maritime logistics, shipping, dredging, marine transportation, and infrastructure support services. The company operates through divisions associated with cargo handling, freight coordination, excavation services, and marine support activities in Nigeria and parts of Asia. The group has been linked to operations in coastal areas of Lagos State, particularly within the maritime and dredging sectors.
History Panuel Group developed its operations within Nigeria's maritime and logistics sector through activities connected to shipping coordination, cargo movement, dredging, and marine transportation services. Publicly available reports describe the company as operating across multiple divisions associated with maritime logistics and infrastructure support systems. The company's shipping operations are conducted through Panuel Shipping, a division linked to freight movement, cargo coordination, marine transportation, and shipping support services. Reports have associated the division with stevedoring and maritime support activities connected to shipping systems in parts of Asia, including Japan and Southeast Asia. Panuel also operates through Panuel Dredge Company Ltd, a Nigerian-registered entity associated with dredging operations, excavation services, and marine support work. Public references connect the company's dredging activities to the Awoyaya and Lekki areas of Lagos State, where operations have included waterway excavation and marine infrastructure-related projects. Industry publications have described Panuel's activities as part of Nigeria's maritime sector, particularly in areas involving cargo movement, waterway management, coastal dredging, and marine logistics. The company's operations have been linked to domestic maritime transportation systems and selected international shipping routes.
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