28549 members and growing – the largest networking group in the maritime industry!

LoginJoin

Saturday, September 22, 2018

Nigeria News

© Pere Sanz / Adobe Stock

Spanish LNG Cargoes Set for Export from Gas Terminals

The following table lists liquefied natural gas (LNG) cargoes set to be loaded on tankers for onward export.Spain is Europe's most diversified gas importer and has the continent's biggest LNG import capacity spread across its six terminals, sourcing LNG from Qatar, Nigeria, Trinidad, Algeria and other producers.Imported cargoes are stored in tanks located at terminals, where the LNG can either be regasified and pumped into the local grid or loaded on to new tankers for export.PortLoading window dateVolume (in cubic meters)TankerBBGJuly 11-1395,000UnknownBarcelonaJuly 13-15159,000UnknownBarcelo

(Photo: EOS Risk Group)

35 Seafarers Kidnapped in Gulf of Guinea in 2018 -Report

Nigerian pirates have kidnapped 35 seafarers from vessels in the Gulf of Guinea so far this year, according to security firm EOS Risk Group.Nigeria continues to be the world’s epicenter for piracy activity. From January through June 2018, EOS recorded 34 Nigerian pirate attacks on merchant and fishing vessels in the Gulf of Guinea. These attacks resulted in the kidnap of 35 seafarers for ransom and the hijacking of several vessels, EOS Risk Group disclosed in its half year review…

Board Chairman, Nigerian Maritime Administration and Safety Agency, NIMASA (3rd left) Deputy Governor, Delta State, Barrister Kingsley Otuaro (middle), Director General, NIMASA, Dr. Dakuku Peterside (3rd right) and other NIMASA Board member. (Photo:NIMASA)

NIMASA Commended on Day of Seafarers

The Governor of Delta State, Senator Ifeanyi Okowa has stated that the efficiency and effectiveness of the Nigerian economy depends largely on the maritime sector, as over 90 percent of the world trade are transported through the sea.Senator Okowa who made this remarks today in his keynote address during the 2018 Day of the Seafarers celebration with the theme; “seafarers’ wellbeing” held in Warri, Delta State organized by the Nigerian Maritime Administration and Safety Agency…

Egina. Photo: Total

Egina FPSO Sails to Offshore Field

The $3.3 billion Floating Production Storage Offloading (FPSO) unit built by Samsung Heavy Industries of Korea (SHI) for the 200,000 barrels per day capacity Egina oilfield began to sail to the oilfield Sunday, reports local media.Following fabrication and integration works in Lagos, the FPSO will arrive in three days’ time at the Egina oilfield located in Oil Mining Lease (OML) 130, which is being developed at the cost of $16 billion by the French oil major, TotalT.Nicholas Terraz…

Dr. Dakuku Peterside (Photo: NIMASA)

Intermodal Transport System Essential to Port Efficiency -NIMASA DG

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, said that for any country to achieve efficiency at its ports, intermodal transport system is an essential factor to consider.Addressing journalists in Lagos, the DG noted that in order to attract investment to the maritime sector, a seamless transport system is crucial as there must be a good connection between the road and rail to the ports.Accordingly, Dr. Peterside stated that “taking maritime for instance…

Photo: NIMASA

ICPC Advocates Joint Vessel Inspection

The Acting Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr. Musa Usman Abubakar has stressed the need for all government agencies in the maritime sector to carry out joint inspection of vessels at the ports in order to fully actualize the Ease of Doing Business initiative of the Federal Government.Dr. Abubakar who made this known when he led a joint team from the Nigerian Shippers Council (NSC) and the Commission on a courtesy visit…

Image: Hansa Heavy Lift

Hansa Heavy Lift Delivers Egina Carousel to Nigeria

Hansa Heavy Lift  has transported a giant carousel together with eight reels, weighing a total of 3,508.7 metric tonnes, from Newcastle, United Kingdom to Lagos, Nigeria destined for the Egina Oil Field.The voyage took place on board the super heavy lift vessel HHL Lagos, which was mobilised in Rotterdam, the Netherlands, to prepare the vessel with additional deck strength for the extralarge carousel, which weighed over 2,200 metric tonnes including spooled product and had a diameter of over 25 metres.“Close connection between the Hansa Heavy Lift engineering…

Image: International Maritime Organization (IMO)

Focus on African Ports and Hinterland Connectivity

When a ship comes into port it may be the end of a voyage, but just the beginning of a range of administrative tasks that need to be completed.The port is unlikely to be the final destination for the cargo – which will need to be unloaded and forwarded in a variety of ways. This requires logistics and infrastructure that connects the port to other inland places and regions – known as ‘hinterland connectivity’. This was the issue under the spotlight at the first regional conference of The International Association of Ports and Harbors (IAPH) in Abuja…

Photo:  ICTSI

ICTSI Income Falls as Volume Rises

Philippines-based International Container Terminal Services Inc (ICTSI)  has announced a 6% decrease in income in its consolidated financial results for the first half of 2018.However, the port operator saw overall throughput rise 4% to 4.7m teu in the first half compared to 4.5m teu handled in the previous corresponding period in 2017, mainly on robust trade in the emerging markets and contributions from new terminals in Lae and Motukea in Papua New Guinea and the Australian…

Rudi van Niekerk

Van Niekerk Takes the Helm of GAC Nigeria

Rudi van Niekerk has been tapped as the new Managing Director of GAC Nigeria, charged with the continuing development of its core shipping and liner agency business and building on four decades' operational presence in the country.Prior to his appointment, van Niekerk served as Regional Business Controller for GAC’s Africa Regional Office. He supported several offices across the Africa region and was responsible for implementing Group strategy for accounting, treasury and audit…

(Photo: Siemens)

Siemens Deepens Ties to China's 'Belt and Road' Push

Siemens has signed more than 10 cooperation agreements with Chinese companies as it seeks to benefit from deepening involvement with China's "Belt and Road" infrastructure initiative, the German engineering group said on Wednesday.Siemens said the cooperation covers power generation, energy management, building technology and intelligent manufacturing and includes companies such as China National Chemical Engineering Group Corp, China Railway Construction Corp(International) Ltd and China Civil Engineering Construction Corp.The cooperation pact aims to target projects in countries and regions

Photo: Adriatic LNG

Adriatic LNG Receives 600th Cargo

Adriatic LNG, the company which operates the regasification terminal located off the Veneto coastline, announces the arrival of the 600th carrier, the Al Jassasiya. The carrier left Ras Laffan Port in Qatar, delivering a cargo of about 140,000 cubic meters of liquefied natural gas (LNG), equivalent to nearly 85 million cubic meters of gas. The event was celebrated on the terminal with a brief ceremony that involved the vessel's personnel and Adriatic LNG's staff, including the Operations Manager Fabian Erle, who delivered a recognition to Georgios Pissaris, the Captain of the Al Jassasiya.

© Wojciech Wrzesien / Adobe Stock

LNG Trade Grew 10% in 2017 -EIA

Global liquefied natural gas (LNG) trade grew by 10 percent last year due primarily to growing liquefaction capacity in the Australia and the United States, the U.S. Energy Information Administration (EIA) said on Monday.LNG trade reached 38.2 billion cubic feet per day (bcfd) in 2017, up 3.5 bcfd from 2016 and the largest annual volume increase on record, the EIA said, citing the Annual Report on LNG trade by the International Association of Liquefied Natural Gas Importers (GIIGNL).New liquefaction export capacity commissioned in Australia…

(Photo: Euronav)

Euronav Reports Lowest Freight Rates since 2013

Belgian tanker operator Euronav reported a sharp drop in core profit for the first nine months of the year as freight rates in the oil tanker sector continued to fall. Excess tonnage in the global tanker market has put pressure on freight rates, as a large wave of new deliveries this year has offset scrapping. "Freight rates remained under sustained pressure ... particularly in August as seasonally low levels of cargo and new tonnage entering the market combined to drive rates to lowest levels since 2013," Chief Executive Paddy Rodgers said in a statement.

Photo: Euronav

Euronav: VLCC Order Book Expands

The challenging freight market during the third quarter came despite some encouraging signs with active scrapping of vessels returning (nine VLCCs scrapped plus one removed from fleet for FPSO project; six Suezmax scrapped during the third quarter) incentivized by a steel price at near three-year highs, says Euronav NV. This was supported by continued upgrades to crude oil demand with the IEA raising its forecast for 2017 from 1.2 mbpd to 1.6 mbpd over the course of the third quarter and U.S. crude exports again making further progress to record on average 933k bpd for the third quarter.

Photo: Samsung Heavy Industries Co., Ltd.

Egina FPSO Leaves SHI's Geoje Shipyard

Samsung Heavy Industries (SHI) successfully completed Geoje-shipyard portion of the world's largest sized Egina FPSO. The gigantic floater left for Nigeria on 31th October 2017. SHI has now fulfilled successful delivery or sail-away of three massive offshore projects as scheduled. Earlier this year Ichthys CPF, world's largest floating gas processing facility, was delivered in April. Prelude FLNG, world's largest FLNG, had left Goeje in June. SHI won the order to build Egina FPSO in 2013. The FPSO is to be installed in Egina offshore field, located 200km from Nigerian shores.

Photo: APM Terminals

APM Provides Cold Chain solutions for Nigeria

APM Terminals, in conjunction with Naija Pride and with the assistance of international development groups, is working to provide cold chain transportation alternatives for farmers in the agricultural centers of northern Nigeria to bring fresh produce intact and unspoiled to market centers in Lagos. An estimated 15 million metric tons of Nigerian-grown perishable goods, including onions, potatoes, tomatoes, peppers, okra, ginger and carrots, are lost annually due to poor logistics infrastructure and high transportation costs through spoilage and product damage.

Sanjeev Gupta to Buy US-based Steel Assets in 2018

British industrialist Sanjeev Gupta is in talks to purchase and build more U.S.-based steel and industrial assets next year, after buying ArcelorMittal's Georgetown Steelworks at the weekend. Gupta, executive chairman of GFG Alliance which is a $10 billion metals, industrials and energy group, has been snapping up distressed industrial assets in Britain, Australia and the United States in the past few years. Last week, GFG Alliance struck a deal with UK-based tidal power firm Atlantis Resources to form a listed company that marked Gupta's first step onto the stock market…

Energy Scout. Photo: Golden Energy Offshore

Total Extends Energy Scout PSV Contract

Norwegian shipowner Golden Energy Offshore Services has been awarded a contract extension for one of its platform supply vessels with Total in Nigeria. The company announced end of June 2017 to have entered into a contract with Total E&P Nigeria for the PSV Energy Scout - for a firm period of 3 months + optional periods of 3 months each. The Company announced extension end of September 2017. Energy Scout contract is now further extended in Direct continuation present firm contract and vessel now firm until 1st April 2018 + optional periods of 3 months each thereafter.

MT Barrett (Photo: Union Maritime)

Pirates Release Tanker and Crew in Gulf of Guinea

Product tanker MT Barrett has been released and all crew are safe following a six-day piracy incident in the Gulf of Guinea, U.K. based Union Maritime has confirmed. Union Maritime said it lost communications with its 11,999-dwt product tanker while the vessel was at anchor off Benin, West Africa on the morning of January 10, after which the company immediately implemented its emergency response plan and alerted regional maritime authorities and other vessels. A resolution process began when the pirates holding the MT Barrett made contact with the Union Maritime late on January 12.

R-L: Chairman, House Committee on Maritime Safety, Education and Administration, Hon. Mohammed Umaru Bago, Minister of Transportation, Rt. Hon. Rotimi Amaechi, CON, Chairman, Board of the Nigerian Ports Authority (NPA), Mr. Emmanuel Olajide Adesoye and Director General, Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside during the 2nd edition of the maritime Stakeholders’ interactive forum tagged: “Implementation of Executive Order I (Ease of Doing Business) in a se

Nigeria to Automate Shipping Processes

The Federal Government of Nigeria is set to automate all shipping related administrative processes in order to reduce subjectivity and corruption, thereby promoting transparency in the Nigerian maritime industry. This comes as a result of Nigeria's quest to ensure the growth and development of the maritime sector and in line with the Presidential order on the Ease of Doing Business in Nigeria. According to the eighteen point communiqué, Stakeholders agreed that in order to realize the desired accelerated growth of the Nigerian maritime sector…

Photo courtesy International Container Terminal Services,

ICTSI volume hits 9.2 mi TEUs

International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for the year ended 31 December 2017, posting revenue from port operations of US$1.244 billion, 10 percent higher compared to US$1.128 billion in 2016; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$578.0 million, 10 percent better than the US$525.1 million generated the previous year; and net income attributable to equity holders of US$182.1 million, up one percent compared to the US$180.0 million earned last year.

Hardy Takes Over as Vitol CEO

Ian Taylor, who helped build Vitol into the world's biggest oil trader, will step down as chief executive and continue as chairman, the company said on Friday, naming a long-time ally and insider, Russell Hardy, as the new group CEO. Taylor said two years ago he was battling cancer although he continued to travel the world, chasing deals from Africa to the United States and Australia while also working as chairman of the board of trustees for London's Royal Opera House. Hardy…

Dr. Dakuku Adol Peterside, NIMASA DG Photo courtesy NIMASA

Abuja MOU to Enhance Shipping Standards in West, Central Africa

In a bid 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 9th Port state Control Committee Meeting with the aim of developing a unified system of Port State Control inspection procedure for the region. The Memorandum of Understanding on Port State Control for West and Central African Region…

Photo courtesy ICC

Pirate Attacks Worsen in Gulf of Guinea - IMB

A surge in armed attacks against ships around West Africa is pushing up global levels of piracy and armed robbery at sea, warns the International Chamber of Commerce's International Maritime Bureau (IMB). IMB's Piracy Reporting Center recorded 66 incidents in the first quarter of 2018, up from 43 for the same period in 2017, and 37 in Q1 2016. Worldwide in the first three months of 2018, 100 crew were taken hostage and 14 kidnapped from their vessels. A total of 39 vessels were boarded, 11 fired upon and four vessels hijacked. IMB received a further 12 reports of attempted attacks.

CMA CGM, Lekki Port to operate Lekki Port’s future CT

The CMA CGM Group and Lekki Port LFTZ Enterprise (LPLE), the promoters of Lekki Deep Sea Port, announced the signing of a Memorandum of Agreement to operate Lekki Port’s future container terminal.Located in Nigeria, the future Lekki Deep Sea Port will be developed, built and operated by LPLE, a joint venture enterprise led by the Tolaram Group, the Lagos State Government and the Nigerian Ports Authority.As the container terminal operator, CMA CGM, through its subsidiary CMA Terminals…