NCDMB releases list of profitable vessels for Nigerian shipowners

Dec 16, 2018

The Nigerian Content Development and Monitoring Board has identified the types of vessels that local operators in the shipping business should purchase that can guarantee good business and return on investment. The Executive Secretary, NCDMB, Simbi Wabote, stated this in Lagos on Tuesday, during the Shipowners Association of Nigeria’s annual workshop and dinner. Speaking at…

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Court prevents LADOL from ejecting Samsung over Egina FPSO

Dec 12, 2018

A Lagos State High Court sitting in Igbosere has granted an interlocutory injunction restraining Global Resources Management Limited and LADOL from ejecting Samsung Heavy Industries (SHIN) Nigeria Limited and its subsidiary, SHI-MCI FZE, from the free zone in Lagos pending the delivery of the judgment to the substantive suit on January 25, 2019. The presiding…

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Pirates board offshore vessel en route to Egina

Dec 11, 2018

An offshore vessel was attacked and boarded by pirates on Tuesday while on its way to an FPSO offshore Nigeria. An EOS Risk Group analyst shared a social media post on Tuesday, according to which the pirates boarded the Saavedra Tide offshore support vessel while the vessel was on it way from the Abo field…

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18 fuel-laden vessels set to berth at Lagos port

Dec 4, 2018

No fewer than 18 vessels laden with petroleum products are waiting to berth at the Lagos seaport. The shipping position of Nigerian Ports Authority (NPA) obtained yesterday revealed that the vessels, including two other vessels, were being delayed to berth as they await release by the Nigerian Customs Service (NCS). However, 32 other vessels conveying…

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LADOL allegedly sacks another foreign investor from zone

Nov 27, 2018

There are indications that Lagos Deep Offshore Logistics (LADOL) provider of the deep offshore logistics zone has sacked Africoat Nigeria Limited from the zone. This is barely two months after LADOL was reported to have terminated the operating licence of Samsung Heavy Industries Nigeria (SHIN) Limited. It was gathered that this latest development, which will…

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PowerChina consortium emerges preferred bidder for Nigeria’s Ibom port project

Nov 15, 2018

A consortium comprising Bollore Africa Logistics and PowerChina International Group has been chosen as the preferred bidder for the Ibom Deep Seaport Project (IDSP) in Nigeria. Ibom Deepsea Port is located in Southeast Nigeria and is to be developed on a 2,565 hectare site within the Ibom Industrial City free trade zone. The port is…

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OGFZA, Eko Support Free Zone sign management pact

Nov 14, 2018

The Oil and Gas Free Zones Authority (OGFZA) and Eko Support Oil & Gas Free Zone have signed a set of agreements to manage the free zone as a public-private partnership and develop its infrastructure base to global standards to attract foreign and domestic investments. Eko Support Oil and Gas Free Zone, based in Apapa…

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Nigerian Navy announces new operation in N. Delta

Nov 14, 2018

The Flag Officer Commanding Eastern Naval Command, Rear Admiral David Adeniran, has announced that the Eastern Naval Command will commence EXERCISE ANI-OFORIFORI meaning Chase Thief in Kalabari language. This was contained in a statement on Wednesday by Thomas Otuji, Command Information Officer. He said the Exercise will hold at the Eastern Flank of Nigeria’s Maritime…

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15 vessels berth with 561,556 MT of PMS at 3 jetties as Yuletide approaches

Nov 13, 2018

Ahead of the yuletide season, which is usually fraught with fuel scarcity, some 561,556 metric tons of premium motor spirit (PMS) valued at N71.87 billion are being discharged at the port jetties in Lagos. The fuel was ferried by 15 merchant tankers to three jetties in Lagos. Consequently, Nigeria has imported 1.12 billion PMS valued…

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China’s maritime silk road to create opportunities, risks for Nigeria, others – Peterside

Nov 11, 2018

Nigeria may have taken the lead in the drive to ensure that the African continent maximizes the benefits that are imbedded in China’s ambitious Maritime Silk Road Initiative (MSRI). This is because it is believed the initiative will substantially affect the pattern of global commerce in the near future. Director-General of the Nigerian Maritime Administration…

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