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NIWA, NPA, NIMASA move to clamp down on illegal barge, jetty operators in Lagos

NPA

The Nigerian Inland Waterways Authority (NIWA), Nigerian Ports Authority (NPA) and Nigerian Maritime Administration and Safety Agency (NIMASA) have come under one umbrella known as Federal Maritime Agencies Committee on Activities of Barge Operations on Lagos waterways, to clamp down on illegal barge and jetty operators around the kirikiri Lighter Terminal. During a massive enforcement […] Read Full Story

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Maritime stakeholders lament lack of access roads

Maritime stakeholders have decried the deplorable condition of access roads into the ports. The stakeholders who spoke at the African Continental Free Trade Area implementation engagement series on road transportation which held on Wednesday asked the government to expedite action on the access roads to enhance trade. The National President of the Chartered Institute of...

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Group raises alarm over abandoned N50bn floating dock

A group, the Association of Marine Engineers and Surveyors, has raised the alarm over the abandonment of the floating dry dock belonging to the Nigerian Maritime Administration and Safety, saying the N50bn asset had no insurance cover. AMES also disclosed that the floating dry dock was no longer seaworthy at the moment and may likely...

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Security in Nigerian waters now critical, says Report

Security in Nigerian waters has been assessed as critical following the occurrence of two piracy events in the past two weeks. According to reports by global risk intelligence partner, Dryad Maritime, 15 crew members of a Maltese vessel named MT DAVIDE B were kidnapped 213 nautical miles of South Cotonou on March 11. The Dryad...

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SIFAX acquires new trucks to boost capacity

SIFAX Logistics Company Limited is set to increase its operational capacity through the injection of 25 new trucks to boost its operations. A statement titled ‘SIFAX Logistics expands haulage capacity, acquires 25 new trucks’, and signed by Corporate Communications Officer, Philips Ojo, said it was to boost the firm’s capacity. General Manager, Haulage, Adewale Adetayo,...

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SIFAX Logistics acquires 25 new trucks to expand haulage capacity

Adewale Adetayo

SIFAX Logistics Company Limited, one of SIFAX Group’s subsidiaries whose business offerings include haulage, clearing and forwarding, groupage and shipping, has perfected plans to increase its operational capacity through the acquisition and injection of 25 new trucks to boost its operations. Adewale Adetayo, general manager, Haulage, said there is a need to make the investment […] Read Full Story

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Maritime disorder in the mighty ocean

Shipping is one of the most dynamic industries in the world with fluctuating profits and losses depending on global economy. Shipping business is anchored on international trade and operates within a complex web of international treaties among shipping firms, shippers and governments. Maritime scholars believe, however, that there is hardly any shipping firm, shipper and […] Read Full Story

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NIMASA receives presidential approval to disburse over $200m Cabotage Fund 18 years after

"Three ships by a dock"

The Nigerian Maritime Administration and Safety Agency (NIMASA), said it has received the approval of President Muhammadu Buhari to disburse the Cabotage Vessel Financing Fund (CVFF) to qualified indigenous maritime operators in line with the Treasury Single Account (TSA) policy and the CVFF Guidelines of 2006. The Cabotage Fund was established alongside the Nigerian Coastal […] Read Full Story

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Business

NIMASA trains 788 seafarers to improve port handling

Joseph Olaoluwa The Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Bashir Jamoh, has described seafarers as the lifeblood of shipping. Jamoh stated this at the graduating ceremony of seafarers under the Nigerian Seafarers Development Programme in Lagos, according to a statement signed by its Head of Corporate Communications, Philip Kyanet, and emailed […] Read Full Story

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Exporters losing millions of naira to alleged product theft by syndicate at ports

Exporters as well as the Federal Government is currently losing hundreds of millions of naira annually to alleged syndicates specialised in stealing export goods at the nation’s seaports, Police Investigation Report, has confirmed. The loss, which is estimated at N500 million annually, is also seen to have been undermining the government’s efforts of economic diversification […] Read Full Story