When it comes to the future of its oil industry, Nigeria is looking miles out to sea. By early next year, the largest offshore production vessel ever delivered to Nigeria will start pumping crude from a deposit deep beneath the seabed, boosting the West African country’s oil output by about 10 percent. The project, viewed…
he Managing Director Nigerian Port Authority (NPA), Hadiza Bala Usman has reiterated the total commitment of the Authority to achieve the ISO 9001 & OHSAS 18001 certification and compliant especially in its Harbours Services, with a view to accelerating efficiency in the system. She has therefore issued a 90 (Ninety) day marching order to the…
French container shipping company, CMA CGM has announced adjustments to its WAX 3 and MIDAS 1 services from Asia to Nigeria. In a notice posted on its website on Monday, CMA CGM said the adjustment is as a result of the “challenging operational environment and situation in Nigeria”. On October 5, 2018, the world’s third…
Seven years after falling out of reckoning in the global oil freighting trade, the Nigerian National Petroleum Corporation (NNPC), on Tuesday, announced the re-entry of its subsidiary, NIDAS Shipping Services, into the international shipment of crude oil and petroleum products. This development would see NIDAS enjoy and optimize right of first refusal offer in the…
Group Managing Director of the Nigerian National Petroleum Corpoation (NNPC), Dr. Maikanta Baru has said that Nigerian shipping companies do not have the capacity to participate in the affreightment of the nation’s crude oil. NNPC’s preference for foreign companies in shipping Nigeria’s crude oil to the international market has been a bone of contention between…
French container shipping company, CMA CGM has reacted to the controversy surrounding its recently introduced congestion surcharge. The company said the charge is operation based and was not imposed by CMA CGM Nigeria as a local agent but by the ship owners. Managing Director, CMA CGM Nigeria, Todd Rives, made the clarification in a statement…