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MARITIME

Gulf of Guinea Increasing Maritime Battleground Over Oil Wealth – Expert

Maritime Experts have expressed concern over the Gulf of Guinea increasing becoming the world’s most dangerous maritime zone in 2020 — as attacks on oil tankers by pirates have risen exponentially. Maritime piracy emerged with the first armed insurgency movements against the federal government of Nigeria and oil companies in the Niger Delta — following the example of the Movement ...

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Atiku Sold his Shares, Collected $5.4m Balance from Us – Intels

Intels Nigeria Limited has explained why it severed ties with former Vice President Atiku Abubakar, who was one of its major shareholders. Intels said it severed ties with Atiku and his family after the former Vice President sold off his shares and exited the company in 2020, the statement titled ‘Intels severs ties with Atiku’ read. In another statement, the ...

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Ibom Deep Seaport First phase to Gulp $2 Billion– Commissioner

Akwa Ibom State Commissioner for Economic Development and Ibom Deep Sea Ports, Mr Akan Okon, has said the construction of the first phase of the Ibom Deep Seaport and Industrial City in the state would gulp $2.016bn. He also said the phase would generate at least 300,000 jobs while over 3,500 companies were expected to be in operation in the ...

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To Ease Apapa Gridlock, NPA Set to Deploy Electronic Call-up

…. . ….Moves to save Nigeria $10bn annual loss of agro products ………… After months of planning, the Nigerian Ports Authority (NPA) will next month deploy electronic call-up system aimed at ending the protracted Apapa gridlock. The initiative, which will be financed by a private company, Trucks Transit Parks Limited, under a public-private partnership (PPP) arrangement with the NPA, will ...

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Ship Owners Lament 100 Percent Foreign Dominance in Tanker Tessel Supply Chain

· $60m expended monthly on imported tanker vessels Lack of interagency collaboration between the Nigerian National Petroleum Corporation (NNPC), Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Content Development and Monitoring Board (NCDMB) has led to $9billion yearly losses in Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) contracts. These losses arise from the ...

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Senate Urge NNPC to Assist Indigenous Shipping Firms Build Capacity

……….by Musa Mohammed………. The Senate yesterday appealed to the Group Managing Director , Niigeria National Petroleum Corporation (NNPC), Mele Kyari to help indigenous ship owners build capacity so as to work in partnership with the corporation in lifting Petroleum products. According to the upper chamber this will save over $120 million annually as this amount has always been spent in ...

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Crude Affreightment: Nigeria Loses $170bn Freight, Taxes In 20 Years

…..3 million direct, indirect job opportunities missed… · ,,,,,,$30bn lost opportunities for seafarers · ……. AfCFTA: NIMASA, NNPC yet to unveil strategy for indigenous shipping….. Foreign dominance in crude affreightment has accounted for over $170billion losses in freight charges and taxes as less than 5 percent of the operations have been carried out by Nigerian indigenous ship owners in the ...

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Kyari Assures Indigenous Shipping Coys of Support

The Nigerian National petroleum Corporation (NNPC) has expressed its readiness to support indigenous fleet owners to enjoy greater patronage and participation in the oil and gas maritime business in Nigeria. The Group Managing Director of NNPC, Mallam Mele Kyari, gave the assurance while playing host to members of the Nigerian Fleet Implementation Committee who paid a working visit to the ...

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Rivers Youths Disrupt NPA, Oil, Gas Zone Operations

National assets and operations at the Nigerian Ports Authority, including the Onne oil and gas free zone in Eleme local government area of Rivers State, are under threat following two days of protest by youths in the area over alleged marginalisation by the companies there. The Onne youths who began their protests on Monday had blocked the entrance of the ...

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