NCDMB releases list of profitable vessels for Nigerian shipowners

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 the workshop, themed, ‘The Nigerian Maritime Industry; Galvanising Stakeholders, Engagement for Sustainable Growth,’ Wabote said the NCDMB, in partnership with key stakeholders, had developed a five-year vessel demand profile for oil and gas operations, based on data received from the Nigerian National Petroleum Corporation and the National Petroleum Investment Management Services in October 2018.

According to the analytics carried out using types of vessel categories and industry spend, the top five vessels in projected demand between 2019 and 2023 would be tugboats, security patrol vessels, jargon barges and crew boats, among others, he noted. He said from the outlook, the vessels listed should occupy the focus of Nigerians who aspired to own vessels in the coming years.

Source: The Punch

Share

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...