NIMASA targets Africa’s projected N100bn yearly revenue

Nigeria is said to be eyeing a huge chunk of the annual revenue estimated at N100 billion that Africa stands to generate should the continent put its maritime administration acts together.  
This is said to be one the major motivations that emerged at the weekend for which Nigeria is hosting Africa’s maritime administration agencies in Abuja between April 19 and 20, expected to be declared open today by Nigeria’s Vice President Yemi Osinbajo.

Maritime Security in the Gulf of Guinea in 2016

2016 witnessed a marked increase in maritime security incidents over the previous year, irrespective of the counting standards. Denmark-based Risk Intelligence counted 119 verified attacks by criminals on all kinds of vessels in West Africa (Senegal to Angola) – compared with 82 in 2015. The vast majority of attacks in 2016 were perpetrated by Nigerian criminals, including all of the 84 that were concentrated in and around Nigerian waters.

Pirates move captives to land to thwart rescue attempt

Pirates kidnapped the entire crew of an Indian dhow on Monday, escaping to land after Somalian armed forces mounted an attempt to rescue the crew from the vessel.
The vessel named Al Kausar was hijacked by the perpetrators earlier in April as it was en route to Bosaso, off Somalia, according to the IMB Piracy Reporting Centre.
IMB confirmed that the dhow was currently inside Somali coastal waters between Hobyo and El Hur.

Oil spikes as U.S. launches strike against Syria

Oil jumped as the U.S. cruise missile attack against Syria roiled global financial markets.

Futures in New York and London surged more than 2 percent to the highest in a month. The strike early Friday morning targeted hangars, planes and fuel tanks at one Syrian military airfield, according to a U.S. official. Syria borders Iraq, OPEC’s second-biggest crude producer. The news rippled across financial markets, with the yen and gold advancing as stocks declined.

Shell shuts Bonny Light export line

The Nigerian subsidiary of Royal Dutch Shell Plc said it had shut down the Nembe Creek Trunk Line, which exports Bonny Light crude oil, in order to remove theft points.
Managing director of Shell Petroleum Development Company (SPDC) said the company was working to remove a significant number of oil theft connections and repair any leaks on the pipeline.
The line, operated by Aiteo, is one of two along with the Trans Niger Pipeline that carries Bonny Light crude oil to the export terminal.

NIMASA issues 30-day notice for abandoned ships & wreck removal

The Nigerian Maritime Administration and Safety Agency (NIMASA) has read the riot act to owners of abandoned vessels in Nigerian territorial waters urging them to remove the vessels on or before April 28, 2017 or risk sanctions ranging from forfeiture or removal by the Agency at the owners' expense.
The Director General of the Agency, Dr. Dakuku Peterside who stated in a press statement noted that it is instructive to ensure that our waters remain safe for navigation in order to advance our maritime interests.