Maritime

Switzerland set to sue Nigeria over 2018 oil tanker seizure

Apr 4, 2019

Authorities in Switzerland have begun planning legal action against the Nigerian government for seizing and detaining a Swiss-flagged oil tanker in January last year. Reports by various online maritime websites said San Padre Pio and four of its original 16 crewmembers, all of whom are Ukrainian nationals, had since remained under Nigerian government custody in…

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Vitol signs COA with NNPC subsidiary NIDAS for shipping petrol to Nigeria

Apr 3, 2019

Vitol has signed a contract of affreightment with NIDAS Shipping Services to ship petrol to Nigeria during the second quarter as part of its crude-for-product swap deal with Nigerian National Petroleum Corp. NIDAS, a London-based subsidiary of NNPC, said the contract would run from April to June in parallel with the swap deal. This is…

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SHI Nigeria reaches HSE milestone of 1,200 days with no lost time injuries

Mar 25, 2019

Samsung Heavy Industries Nigeria announces that it has reached the significant health & safety milestone of 1,200 days with no lost time injuries at SHI-MCI, Africa’s largest ship fabrication & integration yard located in Lagos. This achievement is reflective of SHIN’s intense focus on ensuring the health and safety of its entire workforce through significant…

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Twelve ships berth at Lagos ports with petrol, others

Mar 16, 2019

Twelve ships carrying various products have arrived at Apapa and Tin-Can Island ports, waiting to berth, the Nigerian Ports Authority said in its daily publication on Wednesday in Lagos. The shipping position of the NPA is a document that shows the volume and types of cargoes that are brought into the country on a daily…

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One killed, five kidnapped in pirate attack offshore Nigeria

Mar 14, 2019

Pirates armed with machine guns attacked an offshore support vessel offshore Nigeria last Saturday, kidnapped five men, and escaped. A Nigerian navy guard was killed in the attack. According to a piracy report by ICC Commercial Crime Services (CCS), a division of International Chamber of Commerce, pirates armed with machine guns in two speed boats…

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NIMASA seeks amendment to Nigeria’s crude oil trade terms

Mar 14, 2019

The Nigerian Maritime Administration and Safety Agency, NIMASA, said it is focused on ensuring that the nation’s crude oil trade terms are changed from the present Free on Board, FOB to Cost Insurance Freight, CIF. Disclosing this in Benin over the weekend, Director-General of NIMASA Dakuku Peterside, said in a bid to create enabling ground…

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Sixteen LNG vessels to berth at Onne Port

Mar 12, 2019

No fewer than sixteen Liquefied natural gas (LNG) vessels are expected to berth in Onne Port Complex this week in Rivers State Ten of the vessels would discharge imported cargo – containers, general cargo, drilling fluid and inballast, while six vessels would export 364,000 tons of Liquefied Natural Gas (LNG) and Butane to other countries…

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Nigeria imports 1.3 bn litres of fuel in first 2 months of 2019

Mar 8, 2019

Nigeria, in January and February, imported a total of 986, 492 metric tonnes of petroleum products representing 1,387,410,984.2 litres of fuel, data from the Nigerian Ports Authority Shipping Position revealed. Frozen fish topped the nation’s imports for the month of February, as the country reportedly imported 2.463 million metric tonnes of the product in the…

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Baru urges DSDP partner firms to patronize NNPC’s shipping firm

Mar 8, 2019

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has advised partners involved in the Direct Sale Direct Purchase (DSDP) scheme of the corporation to patronise NNPC shipping subsidiary, NIDAS, to ensure profitability. He gave the advice to the two relevant subsidiaries: Crude Oil Marketing Division (COMD) and the NNPC Trading Ltd,…

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Nigeria set to migrate from FOB to CIF for its crude trading

Mar 5, 2019

The Nigerian Maritime Administration and Safety Agency has said that it achieved a level of success on the discussion around the migration from Free On Board to Cost, Insurance and Freight trade terms for the nation’s crude oil. The agency added that this migration would enable indigenous shipowners and the economy benefit from the nation’s…

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