Maritime – Tribune Online https://tribuneonlineng.com Breaking News in Nigeria Today Tue, 25 Jun 2019 05:59:45 +0000 en-GB hourly 1 https://wordpress.org/?v=5.2.2 https://tribuneonlineng.com/wp-content/uploads/2017/08/logo.jpg Maritime – Tribune Online https://tribuneonlineng.com 32 32 118125416 NPA clarifies position on $2.6bn Badagry deep seaport https://tribuneonlineng.com/221253/ Tue, 25 Jun 2019 05:59:45 +0000 https://tribuneonlineng.com/?p=221253 Tribune Online
NPA clarifies position on $2.6bn Badagry deep seaport

  The Nigerian Ports Authority (NPA) has denied reports that it has cancelled the $2.6bn Badagry deep seaport, stating that what was cancelled was the 25 Years Port Development Master Plan which was initially poorly done by the consultant handling the project. In a chat with the Nigerian Tribune on Monday, the Managing Director of […]

NPA clarifies position on $2.6bn Badagry deep seaport
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NPA clarifies position on $2.6bn Badagry deep seaport

 

The Nigerian Ports Authority (NPA) has denied reports that it has cancelled the $2.6bn Badagry deep seaport, stating that what was cancelled was the 25 Years Port Development Master Plan which was initially poorly done by the consultant handling the project.

In a chat with the Nigerian Tribune on Monday, the Managing Director of the NPA, Hajia Hadiza Bala Usman explained that due to a very bad job done on the initial Master plan, the Authority is in the process of re-awarding the contract for the development of the plan which will guide the nation on the establishment of ports in the years ahead.

According to the NPA MD, “With Badagry Deep seaport, the Outline Business Case (OBC) was reviewed. Some of the responsibilities of government was taken and put in the OBC for Badagry port. I have objected to that and written to the Federal Ministry of Transportation on this.

“I have also written letters to the promoters of the Badagry Deep Seaport, telling them that roles like marine services are responsibilities of government as stipulated within the Port Act. So, they cannot take it away and say they are going to provide such services. This is where we are with the Badagry Deep Seaport. We are currently discussing with them to review the projects OBC, so that it states what their obligations are and what government obligations are.

“We also understand that we will need a (25-year) Port Development Master Plan. When I assumed office, I inherited a consultant that was supposed to do a (25-year) Port Development Master Plan, but the consultant did a very bad job.

“When we took the job to the consultant that did the projects Terms of Reference (TOR), our internal people looked at it and said it wasn’t good enough. Even the consultant that did the TOR confirmed that the job wasn’t properly done.

“So, because of these issues, we cancelled the contract, and the projects promoters took us to court. We are currently in arbitration. Now we are working on re-awarding the contract. I just gave the go-ahead for the engagement of another consultant that will do the Port Master Plan. The Master plan will allow us to know where ports should be deployed in the country in-view of environmental issues, in-view of commercial and financial viability.”

NPA clarifies position on $2.6bn Badagry deep seaport
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Aisha Buhari leads others to encourage female participation in Maritime https://tribuneonlineng.com/220763/ Sun, 23 Jun 2019 14:52:46 +0000 https://tribuneonlineng.com/?p=220763 Tribune Online
Aisha Buhari leads others to encourage female participation in Maritime

Aisha Buhari

THE First Lady, Her Excellency, Mrs Aisha Buhari, will be leading other dignitaries and stakeholders in the maritime community to campaign and encourage more female participation in seafaring and maritime trade as the country joins the rest of the world to mark this year’s Day of the Seafarer on Tuesday, June 25th. The Director-General of […]

Aisha Buhari leads others to encourage female participation in Maritime
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Aisha Buhari leads others to encourage female participation in Maritime

Aisha Buhari

THE First Lady, Her Excellency, Mrs Aisha Buhari, will be leading other dignitaries and stakeholders in the maritime community to campaign and encourage more female participation in seafaring and maritime trade as the country joins the rest of the world to mark this year’s Day of the Seafarer on Tuesday, June 25th.

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, disclosed this at the weekend in Lagos during a chat with journalists, noting that her presence would further boost the ongoing campaign to encourage the participation of more females In seafaring and the maritime sector, in line with the International Maritime Organisation (IMO) campaign for this year to get more women into the hitherto male-dominated profession.

Dakuku regretted that very few females were in the profession of seafaring and said NIMASA was working with stakeholders to try to reverse “the great imbalance.”

He added that the presence of the President’s wife, who will be leading other prominent women in the maritime industry to the event scheduled to hold in Lagos, will be a boost to the efforts to attract more female involvement in the sector.

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According to the NIMASA DG, “This year’s event theme, which is “On board with gender equality,” was geared towards encouraging more women to take advantage of opportunities in the maritime sector, particularly as seafarers; as Marine Engineers, Nautical Scientists, Marine Surveyors, Deck officers and even grow to become Master Mariners.

“Statistics available have shown that only 2% of the total seafarers across the world are females and more disappointing is the fact that majority of this percentage are from the Philippines a country which dominates the profession in huge numbers, raking in huge income / foreign exchange. So there is a need for us to take conscious and deliberate actions to encourage women to take a career in seafaring.”

Speaking on what NIMASA is doing to encourage women to take a career in the profession, Dakuku stated that the agency was planning a robust awareness programme that would continue to enlighten Nigerians on the seafaring profession. He said the Agency would also look into creating more avenues for Nigerian students through interventionist programmes and proper education.

This year’s celebrations which are also co-hosted by the Managing Director, Nigerian Ports Authority Ms Hadiza Bala Usman, the Executive Secretary Nigerian Shippers Council Barr Hassan Bello is also expected to have in attendance the wife of The Lagos State Governor, Dr Mrs Ibijoke Sanwo-Olu, members of women international shipping and Trading Association (WISTA), members of Women in Maritime Africa (WIMA) other notable Associations that are expected to be part of the event include the various associations of shipowners in Nigeria, Maritime Workers Union of Nigeria ((MWUN) and others.

Aisha Buhari leads others to encourage female participation in Maritime
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Presidential assent decline threatens funding for maritime university https://tribuneonlineng.com/219994/ Thu, 20 Jun 2019 08:24:33 +0000 https://tribuneonlineng.com/?p=219994 Tribune Online
Presidential assent decline threatens funding for maritime university

Buhari,

Following the decline of Presidential assent to the Bill seeking the establishment of the Nigerian Maritime University (NMU) in Okerenkoko Delta State, findings have revealed that some expected funding from key agencies of government might not sail through. According to impeccable sources close to the Nigerian Maritime Administration and Safety Agency (NIMASA), it is important […]

Presidential assent decline threatens funding for maritime university
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Presidential assent decline threatens funding for maritime university

Buhari,

Following the decline of Presidential assent to the Bill seeking the establishment of the Nigerian Maritime University (NMU) in Okerenkoko Delta State, findings have revealed that some expected funding from key agencies of government might not sail through.

According to impeccable sources close to the Nigerian Maritime Administration and Safety Agency (NIMASA), it is important that the promoters of the university ensures they get the nod of the Presidency to ensure that key agencies of government that have roles to play, both financially and regulatory-wise, participate in the NMU development.

“The decline of Presidential assent by President Mohammadu Buhari was a real blow to the aspirations of the NMU. It will be difficult to support the NMU financially if it fails to get Presidential assent.

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“Although, the university has massive support from States within the Niger Delta region, it will still need the support of some key maritime agencies like NIMASA, and to get that, the Presidency has to assent to the Bill establishing it.

“The kind of support the NMU will get from an agency like NIMASA, you cannot compare that to the kind of support it will get from all the Niger Delta states, if they are to combine resources together.

“Don’t forget that NIMASA is a Federal Government agency, and won’t go out of its way if the NMU fails to get Presidential assent,” the source who declined not to have his name in print explained.

It would be recalled that President Mohammadu Buhari, in a letter conveyed to the Senate recently, cited the proposed source of funding for the NMU as the major reason for his decline.

“I am declining my assent to the bill because the funding provisions are grossly excessive and will disrupt the operation of a number of government agencies and institutions,” the letter reads.

Presidential assent decline threatens funding for maritime university
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WILAT raises alarm over plastic waste pollution in Nigerian waters https://tribuneonlineng.com/219991/ Thu, 20 Jun 2019 08:23:36 +0000 https://tribuneonlineng.com/?p=219991 Tribune Online
WILAT raises alarm over plastic waste pollution in Nigerian waters

plastic waste pollution

The Women in Logistics and Transport (WILAT) has raised the alarm over the increasing rate of plastic pollution in the oceans, calling for proper disposal and recycling of plastic waste to protect the Nigerian marine environment. WILAT Board of Trustees member and Chairman, Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, who made […]

WILAT raises alarm over plastic waste pollution in Nigerian waters
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WILAT raises alarm over plastic waste pollution in Nigerian waters

plastic waste pollution

The Women in Logistics and Transport (WILAT) has raised the alarm over the increasing rate of plastic pollution in the oceans, calling for proper disposal and recycling of plastic waste to protect the Nigerian marine environment.

WILAT Board of Trustees member and Chairman, Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, who made the call during a sensitization campaign organised to commemorate the WILAT Founder’s Day Anniversary in Lagos recently, decried the harmful effect of plastic wastes on human health and aquatic lives, calling on governments at all levels to enact laws banning the single use of plastics in Nigeria to reduce waste.

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“Plastic pollution constitutes a lot of danger to human and aquatic lives. We see heaps of plastics almost all over the place that it seems almost impossible for any government to create a clean environment without handling the issue of plastic waste.

“Just recently, we heard that the Canadian government has developed plans to ban single-use plastics as early as 2021. That is the awareness all over the world. Nigeria should not be an exception. We as women in WILAT are using this opportunity to sensitize the society about the use of plastic.

“It is a serious cause of pollution in our marine environment. It is affecting fishes and when we eat them, it constitutes health hazards to all of us. We are using this opportunity to call on government to look into it as a way of banning some of these plastic products. Industries should begin to look at alternatives ways of packaging water and soft drinks because it is a major cause of health hazard to the marine environment and to all of us and the economy.

“Nigeria should pass it into law. I think is high time we all rise up to this occasion. There should be a law that will regulate the use of plastic. It a major cause of pollution in the environment,” Princess Haastrup said.

Also speaking at the event, the Founder and Global Convener of WILAT, Hajia Aisha Ali-Ibrahim, who doubles as the Port Manager of the Lagos Port Complex, Apapa, said, “We need to sensitize the public on the need for proper recycling so that we can achieve a blue environment. Proper disposal of plastic is actually an area we should focus on if we want development in logistics. We can’t throw things everywhere. We have to recycle and make the environment better and we as women are concerned about this. That is why we decided to take it up.”

WILAT raises alarm over plastic waste pollution in Nigerian waters
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Ambassador, NIMASA facilitate release of Nigerian crew in Equatorial Guinea https://tribuneonlineng.com/219997/ Thu, 20 Jun 2019 07:55:21 +0000 https://tribuneonlineng.com/?p=219997 Tribune Online
Ambassador, NIMASA facilitate release of Nigerian crew in Equatorial Guinea

NIMASA , CVFF

The Zonal Coordinator of Zone ‘A’ of the Nigeria Customs Service (NCS), Assistant Comptroller General (ACG) Kaycee Ekekezie has revealed why Customs suspended over 300 licenses belonging to clearing agents and Customs brokers. This is even as the Zone ‘A’ Coordinator of Customs fingered a popular building at the Lagos port gates, the ‘Nnewi Building’ […]

Ambassador, NIMASA facilitate release of Nigerian crew in Equatorial Guinea
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Ambassador, NIMASA facilitate release of Nigerian crew in Equatorial Guinea

NIMASA , CVFF

The Zonal Coordinator of Zone ‘A’ of the Nigeria Customs Service (NCS), Assistant Comptroller General (ACG) Kaycee Ekekezie has revealed why Customs suspended over 300 licenses belonging to clearing agents and Customs brokers. This is even as the Zone ‘A’ Coordinator of Customs fingered a popular building at the Lagos port gates, the ‘Nnewi Building’ for being the base where smuggling syndicates, specializing in clearing document falsification, hacking of passwords issued to licensed Customs agents, take place.

Ekekezie who was addressing freight forwarders in Apapa recently, also advised them to be careful of whom they allow to be in control of their password, saying that some of their staff also compromise with the hackers.

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She advised agents to always change their password codes immediately they are given by the Customs, according to her, 70% of the cases of password hacking were successfully carried out on default passwords.

“Those Fraudsters hacking your password are there at Nnewi Building, you better be careful. Another thing is that you might be shocked that it is your boys that are doing this thing. It is true that we have minimized it to a certain extent, but going to the public DTI is what has affected most of you.

“It is the system that generates the code of your password. Once the password is given, you need to go back and change it, the same way you change the password of your ATM. When you go to a bank and collect an ATM, when you step out, you have to change it, if not, it would remain a default. 70 percent of password hacking cases that we have treated were committed on default password”

“If you come to us to complain that your password was hacked to clear a vehicle, you become our first suspect, you are the one we gave the password and you must prove to us that you did not intentionally give it out” she warned.

It would be recalled that the National President of ANLCA, Tony Iju Nwabunike had recently lamented that his clearance license as well as 300 others belonging to his association members were suspended by the Customs over cyber hacking complaints.

Ambassador, NIMASA facilitate release of Nigerian crew in Equatorial Guinea
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FG notifies Customs, CBN, others of ban on cabotage importation https://tribuneonlineng.com/219989/ Thu, 20 Jun 2019 07:20:06 +0000 https://tribuneonlineng.com/?p=219989 Tribune Online
FG notifies Customs, CBN, others of ban on cabotage importation

The Federal Government has notified its agencies including the Nigeria Customs Service (NCS), the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Corporation (NNPC), the Nigerian Content Development and Monitoring Board (NCDMB) amongst others of its planned total ban on the importation of some categories of vessels for cabotage trade from December 2020. The […]

FG notifies Customs, CBN, others of ban on cabotage importation
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FG notifies Customs, CBN, others of ban on cabotage importation

The Federal Government has notified its agencies including the Nigeria Customs Service (NCS), the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Corporation (NNPC), the Nigerian Content Development and Monitoring Board (NCDMB) amongst others of its planned total ban on the importation of some categories of vessels for cabotage trade from December 2020.

The listed agencies are expected to begin enforcement of the policy upon the expiration of stated deadlines, considering the two schedules of vessels restricted.

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Under schedule one, Fishing Trawlers of all sizes will no longer be allowed into Nigeria from the end of December 2020, while the importation of Barges and Tug Boats is banned from the end of December 2021.

Offshore Supply Vessels, Houses Boats, Tankers below 10,000 GRT and Security Patrol Boats are also affected and would not be allowed into the country from the end of December 2022.

Schedule two affects Offshore Support Vessels namely AHT larger than 5,000bnp with dynamic positioning PSV and Offshore Construction Vessels -Derrick Crane Vessels , Pipe/Cable Vessel, Surf Laying, Dive Support Vessel.

The aforementioned vessels are banned from the end of December 2023 while the Drag Head Suction Hopper, Dredger Suction Hopper, Trailing Suction  Hopper Dredger are restricted entry from the end of December 2024.

Also banned from December 2024 are Heavy Floating Cranes, Heavy Crane Badge, Survey Salvage Vessels, Seismic Survey Vessels, Geophysical Survey Vessels, Jack up Rigs, Semi submersible rig, Deepwater Drillships, Tender assist Rigs and Swamp Barge rigs.

FG notifies Customs, CBN, others of ban on cabotage importation
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Why Shippers Council didn’t participate in port concession review — NPA https://tribuneonlineng.com/219961/ Wed, 19 Jun 2019 21:32:05 +0000 https://tribuneonlineng.com/?p=219961 Tribune Online
Why Shippers Council didn’t participate in port concession review — NPA

ports

The Nigerian Ports Authority (NPA) has explained reasons why the Nigerian Shippers Council (NSC) was not part of the port concession review process. Speaking to the Nigerian Tribune exclusively, the Managing Director of the NPA, Hadiza Bala Usman explained that the NSC was not involved in the port concession review process because the contract agreement […]

Why Shippers Council didn’t participate in port concession review — NPA
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Why Shippers Council didn’t participate in port concession review — NPA

ports

The Nigerian Ports Authority (NPA) has explained reasons why the Nigerian Shippers Council (NSC) was not part of the port concession review process.

Speaking to the Nigerian Tribune exclusively, the Managing Director of the NPA, Hadiza Bala Usman explained that the NSC was not involved in the port concession review process because the contract agreement was between the NPA and the concessionaires.

According to the NPA MD, “The NSC was not involved in the port concession review process because the agreement was between the NPA and the concessionaires, and there is also sanctity in contractual relationship that will not be required to be disclosed. So due to this, the NSC was not involved in the port concession review process.”

On the review itself, Hadiza Bala Usman revealed that the stage is set for the signing of the reviewed port concession agreement. In her words, “We got technical support from the World Bank in form of technical aid to facilitate the know-how on international best practice as it relates to the review of the port concession agreement. We have also worked with the World Bank to engage the respective concessionaires because the review of the port concession is not one-sided. Each terminal operator has been invited and they have provided their list of issues. We have had sessions with the terminal operators to look at the issues and determine what needs to be done on both sides, that is by the Authority and the terminal operators.

“We have developed supplemental agreements which have been sent to each of the concessionaires for them to look at and revert back to us, and they have done that. Where we are now is that we are looking at the respective areas of rebate around some of our obligations that we have not met. For example, in the initial concession agreement, we had made provision for a depth of draft for certain terminal, which the NPA has not provided. So that will necessitate into possibly an extension of the lease or a review of certain payments that will be made to us. We are also trying to make it across board, so that every terminal operator will get a commensurate review or response to their issues in the same manner.

“So if some terminals have issues of draft limitation, then they will all have similar rebate granted to them. If there are issues of encumbrance, like in instances where lands that were part of the concession were not taken over by the terminal operator, that will result in looking at the lease for the land that was given to the terminal operator.

“This is where we are currently. We have reached an advance stage. The World Bank adviser is working with us. In fact, the challenge that we have now is that he has finished his assignment based on what the World Bank asked him to do, but we need him to take us to the next level, which is the signing of the agreement.

“Indeed, the concessionaires were always a bit concerned when the NPA says it is reviewing the concession agreement because they thought it will be one-sided, but bringing the World Bank in as a Technical Adviser really helped us change that impression.

“Government and the NPA has not met up to certain obligations, the concessionaires too have not met up to certain obligations. We want to put a mechanism in place, which is, going forward, once any party fails to meet up with its obligations, there is a penalty. Even if a new government comes, the mechanism should remain. The era, where a terminal operator is given an extension of lease for issues concerning depth of draft while another terminal operator with similar problems, doesn’t get same rebate because of lack of connections, is over.”

Why Shippers Council didn’t participate in port concession review — NPA
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Extortion back on Lagos ports access roads https://tribuneonlineng.com/218100/ Thu, 13 Jun 2019 02:24:33 +0000 https://tribuneonlineng.com/?p=218100 Tribune Online
Extortion back on Lagos ports access roads

ports

FOLLOWING the expiration of the two weeks mandate given to the Task Force Committee on Apapa traffic gridlock to clear the ports access roads off articulated vehicles last Saturday, truck operators have raised the alarm that unidentified uniformed men are back on the ports access roads, extorting truckers aiming to go into the ports to […]

Extortion back on Lagos ports access roads
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Extortion back on Lagos ports access roads

ports

FOLLOWING the expiration of the two weeks mandate given to the Task Force Committee on Apapa traffic gridlock to clear the ports access roads off articulated vehicles last Saturday, truck operators have raised the alarm that unidentified uniformed men are back on the ports access roads, extorting truckers aiming to go into the ports to do business inside the ports.

Speaking to the Nigerian Tribune exclusively, a truck driver who identified himself as Ibrahim Haruna explained that while the two weeks given to the Task Force lasted, extortion on truckers was near zero on the port access roads. He however lamented that since the Task Force concluded their mandate on Saturday, truckers are now getting urged to part with some money to access the ports at night.

“In the dead of the night, unidentified uniform men who set up barricades on the mile 2 axis of the Apapa-Oshodi highway now demand for money to allow trucks access into the ports via one-way. This was not so when the Task Force were fully on ground,” Haruna explained.

Also confirming the zero level of extortion during the Task Force two weeks mandate, Chairman of the Association of Maritime Truck Owners (AMATO), Chief Remi Ogungbemi lauded the efforts of the Prof. Yemi Oshinbajo led Task Force for ensuring zero level of extortion while their two weeks lasted.

In his words, “The only success the Task Force achieved was the zero level of extortion on our ports access roads. Yes, they also cleared some sections of the ports access roads off trucks, but I want to personally commend them for their stance against extortion.

“Now that they have gone, some of my members have complained of being extorted again. I have started hearing of uniform men demanding for bribes in the dead of the night, but I am doing my findings to confirm this.”

Extortion back on Lagos ports access roads
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SIFAX Group, CEO shines at Maritime Living Legends awards https://tribuneonlineng.com/218096/ Thu, 13 Jun 2019 02:23:30 +0000 https://tribuneonlineng.com/?p=218096 Tribune Online
SIFAX Group, CEO shines at Maritime Living Legends awards

SIFAX

FOR its phenomenal growth and impactful service delivery over the last decade, SIFAX Group, a group of companies with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services and Hospitality has won the Shipping Company of the Decade award. Dr. Taiwo Afolabi, the company’s Group Executive Vice Chairman/CEO, also won the Maritime […]

SIFAX Group, CEO shines at Maritime Living Legends awards
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SIFAX Group, CEO shines at Maritime Living Legends awards

SIFAX

FOR its phenomenal growth and impactful service delivery over the last decade, SIFAX Group, a group of companies with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services and Hospitality has won the Shipping Company of the Decade award. Dr. Taiwo Afolabi, the company’s Group Executive Vice Chairman/CEO, also won the Maritime Industry Living Legend awards.

The awards were conferred at the Season 2 of the Nigeria’s Maritime Industry Living Legends Awards held in Lagos recently.

Speaking at the occasion, Elder Asu Beks, MD/CEO of Maritime Media Limited, organisers of the event, said SIFAX Group has distinguished itself as a force to be reckoned with in terms of quality service delivery and excellent customer relationship, which he noted, have set the company apart among its competitors.

He further said these excellent achievements coming from an indigenous company competing favourably against multinational maritime operators makes the awards more deserving, adding that SIFAX Group has proven beyond reasonable doubt that any competent and committed indigenous company can hold its own and excel, not minding the competition.

Receiving the award on behalf of the company and the SIFAX Group boss, Mr. Adewale Adetayo, General Manager, SIFAX Logistics Company Limited, thanked the organisers for honouring the company and its CEO.

He said: “We are the biggest winners here tonight and are so proud of this. I want to assure all stakeholders that we will continue to surpass our previous records and will go the extra mile to contribute our quota to the development of the nation’s maritime sector in particular and the economy in general.

Several dignitaries and stakeholders including Dr. Dakuku Peterside, Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA) attended the award ceremony.

SIFAX Group, CEO shines at Maritime Living Legends awards
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National shipping line will assist in crude oil lifting —Peterside https://tribuneonlineng.com/218114/ Thu, 13 Jun 2019 02:18:15 +0000 https://tribuneonlineng.com/?p=218114 Tribune Online
National shipping line will assist in crude oil lifting —Peterside

NIMASA Peterside

NIGERIANS will be able to lift its country’s crude oil for export immediately the national fleet comes into operation, the Director General of NIMASA, Dr. Dakuku Peterside has said. Dakuku,  who was speaking at a media breakfast meeting on the sideline of the ongoing Nor Shipping Conference  and Exhibition in Oslo, Norway, said such an […]

National shipping line will assist in crude oil lifting —Peterside
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National shipping line will assist in crude oil lifting —Peterside

NIMASA Peterside

NIGERIANS will be able to lift its country’s crude oil for export immediately the national fleet comes into operation, the Director General of NIMASA, Dr. Dakuku Peterside has said.

Dakuku,  who was speaking at a media breakfast meeting on the sideline of the ongoing Nor Shipping Conference  and Exhibition in Oslo, Norway, said such an outcome will end the capital flight , associated with the present arrangement where Nigeria sells its oil on free on board basis to customers and will also lead to employment creation.

The NIMASA DG said the new national fleet will be owned 49 per cent by a technical partner and the balance of 51 per cent by Nigerian investors. According to the plan, the Nigerian investors will hold equity in lots, so there will be no domineering shareholder.   He said the planned national fleet will be private sector led for sustainability and profitability.

The national fleet is part of the country’s new strategic direction on the blue economy, which is designed to tap its maritime potentials. He invited local and foreign investors who are interested in the project to partner with the country.

The opportunity in crude freight  and right of first refusal to lift cargo generated by all tiers of government are just  some  of the many potentials in the sector. He said the country is also taking its maritime security serious and has invested in the acquisition of security assets to boost the policing of its waters.

These assets include patrol boats, special mission aircrafts, helicopters , unmanned air vessels and special mission ships. He noted that the assets, acquired under the ‘Deep Blue Project’, which he calls a homeland security solution, will be operational by September this year with a standing specially trained intervention strike force.

Dr Dakuku Peterside called on investors to tap into the rich potentials of the maritime sector in Nigeria saying the government has incentivised the sector with offers of tax holidays and institutional support.

Nigeria, he reminded his audience is an investment friendly environment with comprehensive maritime security, a robust financial sector and six port complexes and numerous terminals. The country accounts for 70 per cent of seaborne trade into west and central Africa and is endowed with a skilled workforce and the world’s ninth largest hydrocarbon deposits. The country is also focusing on implementing reforms to enhance her ease of doing business he concluded.

National shipping line will assist in crude oil lifting —Peterside
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