Nigerian Waters now classified as ‘War Zone’ by insurance firms—Ship owners
In view of endless terror attacks by sea pirates, kidnapping and maritime criminalities on Nigeria’s territorial waters, international insurance companies providing covers for ships calling or leaving Nigerian ports now charge ‘War Zone insurance’. This was the revelation of the…
Orakwusi seeks FG’s action to end illegal fishing on Nigerian waters
The Chairperson of Ship Owners Association of Nigeria (SOAN), Margaret Orakwusi has called on the Federal Government to come up with policies and strategies that end yearly loss of billions of dollars to illegal fishing yearly. In an interview, she…
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…
Hold NIMASA responsible if ship owners fail in CIF for lack of vessels—Experts
The regulator of maritime activities, Nigerian Maritime Administration and Safety Agency (NIMASA), even though was part of the new arrangement with the Nigerian national Petroleum Corporation (NNPC) to adopt the Cost Insurance and Freight (CIF) trade term rather than Free…
Crude lifting: NNPC, NIMASA close ranks to boost indigenous shippers’ capacity
If the new arrangement being worked out by the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Maritime Administration and Safety (NIMASA) is anything to go by, there are chances that the end point will be the changing of crude…
NIMASA DG lied in saying he lacks powers to disburse CVFF, TMF—BH Intelligence
Details showing that the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr. Dakuku Peterside lied in claiming that he lacks powers to disburse the intact Cabotage Vessel Financing Fund (CVFF) are embedded in the Act establishing the…
Shipping stakeholders’ cite failures, demand sack of NIMASA DG
Considering the recent failure of Nigeria in winning a Council seat at the International Maritime organization (IMO) election in London where Nigeria went with over bloated delegation of 40 people, and the hard skin being displayed by the Director General…
SOAN confused, lacks courage to pressure NIMASA for disbursement of CVFF—Observers
Stakeholders in the nation’s shipping industry have decried the high level of sycophancy being displaced by the leadership of Ship Owners Association of Nigeria (SOAN) following the congratulatory message it sent to Dr. Dakuku Peterside, the Director General of the…
