Shipping & Maritime

The Nigerian Shipowners’ Association (NISA) on Thursday rejected the Federal Government’s claim that the money contributed by shipowners into the Cabotage Vessel Financing Fund (CVFF) in the last 17 years is $350 million dollars and N16bn. Recall that the Minister of Transportation, Mu’azu…

romoters of Lekki deep seaport in Lagos State need $800 million to link the multibillion naira project to the rail line in the country, The Nation has learnt. The huge sum is what the contractors need to link the Lekki Deep Sea Port…

To enable Nigerian ship owners actualise their dreams of ship acquisition and boost the nation’s cabotage industry and seafaring programme, as well as the national economy in general, President Muhammadu Buhari has approved the immediate disbursement of the Cabotage Vessel Financing Fund…

The Federal Government has announced plans to lift the ban imposed on Nigerdock terminal following its willingness to abide by the rules amid its contributions to the growth of the National economy. The Minister of Transportation, Mu’azu Sambo, said this when he visited…

To make export-bound cargoes access the Lagos Seaports -Apapa and Tin-Can Island- seamlessly, the managing director of the NIgerian Ports Authority (NPA), Mohammed Bello-Koko, on Tuesday commissioned first Export Processing Terminal (EPT), In Lagos. Diamond Star EPT, which is the first of the…

The China Habour Engineering LFTZ Enterprise (CHELE), a subsidiary of China Habour Engineering Company Limited (CHEC), that is the engineering, procurement and construction (EPC) contractor for the $1.5 billion Lekki Deep Sea Port, has announced the completion of the construction of the…

Nigerian Ports Authority (NPA), yesterday, revealed that rogue vessels used for stealing crude oil in the Niger Delta turn off their Automatic Identification System (AIS) to evade detection and tracking by officials in the country’s waters. NPA Managing Director, Mohammed Koko, made the…

Indigenous shipowners have accused foreign shipping firms flagrant breach of cabotage law, calling on the federal government to clamp down on these foreign vessels operating in the nation’s coastal water illegally. The group also said the exclusion of Nigerian shipowners has cost the…

Nigeria has recorded 51.2 per cent drop in the importation of vehicles in the first six months of the year due to high tariff and implementation of the Vehicles Identification Number (VIN) valuation policy of the Nigeria Customs Service. Data by the…

The Nigerian Shippers Council has concluded plans to synergise with airfreight stakeholders to promote seamless trade and create an enabling environment for businesses. This was contained in a statement by the Head, Public Relations, NSC, Rakiya Dhikru-Yagboyaju. According to the statement, the Executive Secretary…