Maritime

‘Implement 24-hour cargo clearance policy’

Dec 2, 2013

A Council member of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Adams Idifueko has called for the implementation of the promised policy of 24-hour cargo clearance by the Federal Government. He said in Lagos that the country should address the reality as the issue of cargo congestion has remained unabated at our…

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USAID offers to build capacity for NPA

Nov 29, 2013

The United States Agency for International Development (USAID) has offered to assist the Nigerian Ports Authority (NPA) especially in the area of capacity building. Leader of a delegation of the agency, which visited the authority, Mr. Micheal Harvey said the agency decided to visit NPA because it recognises it as the heart of Nigeria. According…

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Number of idle floating production units reaches all-time high

Nov 28, 2013

The number of available floating production systems (FPS) worldwide stands at 20, an all-time high for available FPS units, Energy Maritime Associates (EMA) Pte Ltd., reported Tuesday. A combination of factors contributed to the all-time high in available units, David Boggs, EMA managing director, told Rigzone in an email statement. The main reason for the…

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Nigeria’s oil industry faces serious damage as pirate attacks double

Nov 28, 2013

Unless the increasing trend of pirate attacks in the Gulf of Guinea is tackled quickly and effectively, piracy could do serious damage to Nigeria’s oil and gas industry, slowing development for years to come, according to Paramount Group, Africa’s largest privately owned defence and aerospace business. The Gulf of Guinea, a major commodities route, which…

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How cargo dwell time stalls trade facilitation at ports – Report

Nov 28, 2013

The perennial  port congestion  seems to have defied all solutions that have been proffered by various government committees that were set up for that purpose. A World Bank report has shown that Nigerian ports are the worst  on the issue of cargo dwell time, a development the report says is not only stalling  trade facilitation,…

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Nigeria’s Dalhatu Tafida becomes IMO Vice President

Nov 27, 2013

Nigeria’s High Commissioner to the U.K., Dalhatu Tafida, has been elected as Vice President of the 28th General Assembly of the International Maritime Organisation (IMO). Mr. Tafida was unanimously elected in London by the heads of delegation to the assembly at the opening of the general assembly. It is the first time a Nigerian will…

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India seeks closer ties with Nigeria on energy, maritime security

Nov 27, 2013

Indian Government has called for the deepening and expansion of the existing multi-dimensional cooperation between India and other African countries, especially Nigeria in the areas of energy and maritime security. Speaking at the Second India-Africa Strategic Dialogue organised recently by the Institute of Defence Studies and Analyses (IDSA) in New Delhi, India, s Senior Research…

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Furore over FG’s selection of Cabotage Fund beneficiaries

Nov 25, 2013

Stakeholders in the maritime sector of the economy have continued to kick against the criteria used to select beneficiaries for the Cabotage Vessel Financing Fund, CVFF. They picked holes in the way and manner the six ship owners were selected by the federal government and flayed what they described as “undue delay” in the disbursement…

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Congestion: Breakdown of port operations imminent

Nov 25, 2013

Container terminals in Lagos ports- Apapa and Tin Can Island have been enmeshed in a congestion debacle in their terminals, with the Seaport Terminals Operators Association of Nigeria (STOAN) planning to send out an early warning of possible imminent breakdown of port operations if something is not done urgently to ease the ports of abandoned…

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Content board to upgrade dockyards for vessels repair

Nov 22, 2013

The Nigerian Content Development and Monitoring Board has offered to repair some dilapidated dockyards in the country for servicing of local vessels, the Executive Secretary, Engineer Ernest Nwapa has said. Speaking at the 3rd Practical Nigerian Content Conference, in Yenagoa on Wednesday, Nwapa said the board is looking at that option in order to reduce…

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