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Cabotage Vessel Financing Fund (CVFF)

Finally, NIMASA gives date for disbursement of CVFF to indigenous shippers

The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has finally succumbed to the legitimate calls by indigenous shippers to begin disbursement of Cabotage Vessel Financing Fund (CVFF). Addressing the media in Lagos recently, he…

NIMASA’s Medium Term Strategy Plan’s silence on CVFF minus for local shippers

After a technical review of the latest Nigerian Maritime Administration and Safety Agency (NIMASA) Medium Term Strategy plan, industry analysts have discovered that it was not developed with development of local shippers in view. This is based on the fact…

Shippers’ won’t stop paying into CVFF but NIMASA must disburse the facility—Ogbeifun

Leading commentator on maritime issues, Chief Executive Officer of Starzs Investment Company Limited and President of Ship Owners Association Nigeria (SOAN), Engr. Greg Ogbeifun has made it clear that Nigerian shippers may not stop remittances to the Cabotage Vessel Financing…

CVFF not for NIMASA to buy floating dock, but to support shippers—Ogbeifun

Chief Executive Officer of Starzs Investment Company Limited and President of Ship Owners Association Nigeria (SOAN), Engr. Greg Ogbeifun has described the recent delivery of floating dockyard by the Nigerian Maritime Administration and Safety Agency (NIMASA) as a clear misplacement…

Ogbeifun opens up on how FG, NIMASA almost killed acquisition of MV Osanyamo

…Before First Bank, Total came to the rescue  President of Ship Owners Association Nigeria (SOAN) and Chief Executive Officer of Starzs Investment Company Limited, Engr. Greg Ogbeifun has given insights on the tortuous journey to the delivery of MV Osanyamo…

Shipping dying in Nigeria due to poor access to funding for new vessels—Ogbeifun

National President of Ship Owners Association of Nigeria (SOAN), Mr. Greg Ogbeifun, has given insights on the reasons behind Nigeria’s failing fortunes in regional and global shipping competitiveness. In an interview, he said the 14 years of non-disbursement of Cabotage…

NPA commissions new vessel acquired by Starz Group, seeks more investments

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, has implored the private sector to take advantage of the enabling environment created by the Muhammadu Buhari administration and invest in the nation’s Maritime sector. Speaking in Onne,…

Nigerian Cadets lack sea time because local shippers’ can’t buy new vessels—Uwadia

Leading maritime stakeholder and President, Association of Marine Engineers and Surveyors (AMES), Charles Uwadia has opened up on why Nigerian Cadets are roaming the streets looking for jobs. In an interview, he said time has come to upgrade the Maritime…

Nigeria may lose out from Abuja MoU over low shipping capacity, infrastructure

Ahead of new drive to harmonize port state control inspection procedures that will lead to the elimination of substandard shipping in the West and Central Africa sub-region, the Abuja Memorandum of Understanding (MoU) will host its 3rd Ministerial Conference and…

NIMASA, BPE pledge to work with Minister’s National Fleet Implementation panel

More agencies of the government have continued to buy into the ongoing activities if the National Fleet Implementation Committee (NFIC) set up by the Minister of Transportation, Rotimi Amaechi to drive return of Nigerian flag on the seas. Addressing a…