Gelegele sea port, modular refinery projects’ll create jobs- Gov. Obaseki

Edo State is set to become the next shipping destination in the Gulf of Guinea following the arrival of the Chinese firm, China Habour Engineering Company (CHEC) Ltd, the contractors engaged by the Edo state government, for the construction of the Gelegele Seaport project. 

FG approves Integrated Maritime Security Strategy

---Dakuku assures of zero tolerance to piracy in Gulf of Guinea

Following increased incidents of piracy attacks and criminal activities in the Gulf of Guinea (GoG) in 2017, despite the marked reduction of similar activities in other piracy hot spots around the world, the Federal Government has approved an Integrated National Security Strategy (INSS) to tackle the threat to Nigeria's Blue Economy.

Total’s $3.3bn Egina FPSO berths in Nigeria

The Egina Floating, Production, Storage and Offloading unit (FPSO) has berthed on the shores of Nigeria from South Korea, after 86 days of sailing from Korea.
The Egina oil field is the largest investment project currently on-going in the oil and gas sector in Nigeria. The project is expected to be completed in Q4–2018 within the initial budget of $16 billion.

FG may terminate Webb Fontaine contract agreement

There are strong indications that the Federal Government may grant approval for the termination of an agreement reached with Webb Fontaine to develop a single platform for a general Custom transaction through the Automated Systems for Customs Data (ASYCUDA).
According to findings, Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, and her Transportation counterpart, Mr. Chibuike Rotimi Amaechi, have written a letter to the Presidency, seeking approval for the establishment of a National Trade Platform (NTP).

Maritime sector pivotal to Africa's economic development– AAMA CHAIRMAN

…As MOWCA seeks co-operation with AAMA
The Chairman of the Association of African Maritime Administration, (AAMA) Dr. Dakuku Peterside has stated that the maritime sector is crucial to the growth and development of the African economy.

$3.3bn Egina Oilfield FPSO to arrive Nigeria Tuesday

Nigeria’S oil and gas industry is set to record another milestone as the $3.3 billion Floating Production Storage Offloading (FPSO) vessel for the 200,000 barrels per day capacity Egina deep water oilfield will arrive Nigeria from South Korea on Tuesday.
The FPSO, which was built by Samsung Heavy Industries (SHI), sailed away from the quay side at Samsung Yard in Geoje, South Korea, on October 31, 2017, on its long anticipated journey to Nigeria, which was initially estimated to last for 90 days.

Shippers’ Council wins again, as Appeal Court upholds Federal High Court judgment on Storage Charges

·         Orders Terminal Operators to account for Storage Charges illegally collected

The Lagos Division of Court of Appeal has dismissed the appeal brought by a group of Nigerian terminal operators challenging an earlier Federal High Court judgment which directed the Appellants to account for all progressive storage charges illegally collected by them.

NIMASA, NNPC seek transition from FOB to CIF for crude oil lifting

A high-powered meeting of stakeholders in the maritime industry has been convened to generate ideas on how best to export Nigerian crude oil to attract maximum benefits for Nigeria.
The meeting with theme: “Free On-Board (FOB) and Cost, Insurance and Freight (CIF) Incoterms Framework for Export of Nigerian Crude Oil and Gas” was organized by the Nigerian National Petroleum Corporation (NNPC) in conjunction with the Nigerian Maritime Administration and Safety Agency (NIMASA).

Bunker industry faces crunch point over IMO sulfur move

The global bunker industry looks set for a pivotal year in 2018 as buyers and sellers come under increasing pressure to decide how to respond to impending emissions limit cuts.
The International Maritime Organization is due to cut the global bunker fuel sulfur limit to 0.5% at the start of 2020 from 3.5%, forcing shipowners either to switch to using cleaner, more expensive fuels, install equipment to clean their emissions, or ignore the new rules and hope not to get caught.

Nigerian waters remain high-risk, as piracy incidents dip to 22-year low- IMB

The combined efforts of international navies and anti-piracy strategies adopted by governments of coastal countries have begun to yeild positive results as maritime piracy and armed robbery against ships in 2017 dipped to their lowest annual number since 1995. 
However, it is disconcerting that While the number of attacks on vessels dropped significantly in 2017, the Gulf of Guinea and the waters around Nigeria remain a threat to seafarers.


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