Home / Tag Archives: Cabotage Vessel Financing Fund

Tag Archives: Cabotage Vessel Financing Fund

NPA yet to make good revenue from Coastal Charges due to zero activities by local shippers

NPA Business Hilights

The inability of indigenous shippers to access Cabotage Vessel Financing Fund (CVFF) has lead to little or no traffic record on the nation’s coastal shipping which translates to little or poor revenue for the Nigerian Ports Authority (NPA). Currently, traffic Nigerian coastal trading is at the lowest ebb due to poor development activities by Nigerian Maritime Administration and Safety Agency ...

Read More »

Worry NIMASA to disburse CVFF for us to buy bigger vessels, SOAN tells NNPC GMD

Nimasa boss, Dakuku Peterside

Whereas the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru has advised members of Shipowners’ Association of Nigeria (SOAN) to acquire bigger tanker vessels in order to participate in the downstream sector of the oil and gas industry, leading shippers have advised the Cooperation to remind the Nigerian Maritime Administration and Safety Agency (NIMASA) to do the ...

Read More »

NISA boss decries non presence of Nigerian players in crude oil lifting, CVFF delay

NISA logo

The continued discouragement of indigenous shippers due to the official silence of Nigerian Maritime and Safety Administration (NIMASA) in the disbursement of the Cabotage Vessel financing Fund (CVFF) domiciled in the agency has been fingered as one of the key reasons why no Nigerian owned ship is partaking in the lifting of Nigerian crude oil for sales abroad. Apart from ...

Read More »

How NIMASA dodged addressing CVFF, most critical issue in maritime industry @ WPC

The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside Tuesday failed to give any meaningful reason causing the delay in the disbursement of the Cabotage Vessel Financing Fund (CVFF), at his World Press Conference (WPC) held in Lagos. Since last year, stakeholders had been looking onto the agency for the disbursement of the fund in ...

Read More »

More stakeholders intensify calls for the disbursement of Cabotage fund by NIMASA

Nimasa boss, Dakuku Peterside

Considering the observed silence by the Nigerian Maritime Administration and Safety Agency (NIMASA) in the calls by shippers and other stakeholders to release the Cabotage Vessel Financing Fund (CVFF) to address the problems of ship owners in the industry, some experts have called for the removal of the Director General. Last week Business Hilights reported the views of Mr. CA ...

Read More »

Why SOAN wrote NIMASA to disburse Cabotage Vessel Financing Fund—Ogbeifun

Ogbeifun

President of the Shipowners Association of Nigeria (SOAN), Engr. Greg Ogbeifun has disclosed that his association has written the Nigerian Maritime Administration and Safety Agency (NIMASA) on why it can no longer hold on to the Cabotage Vessel Financing Fund (CVFF), saying time has come for the disbursement. CVFF is a product of the Coastal and Inland Shipping Act of ...

Read More »