Why NLNG vessels are not flagged in Nigeria – shipping firm today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
By Godwin Oritse
The management of the NLNG Ship Management Limited, NSML, the shipping arm of the Nigerian Liquefied Natural Gas, NLNG, has given reason for putting its vessels in the Bermudian Ship Registry instead of the Nigerian Ship Registry.
Ahmed said that none of the NLNG-NSML vessels is Nigerian flagged as the acquisition of the vessels were through international funding adding that there were also conditions tied to funding these acquisitions.
NSML boss explained that the flagging or registration of vessels in Nigeria is the desire of the shipping firm but the regulation and other factors to make that work in Nigeria must be in place such that it also must be internationally accepted.
Vanguard News
Nigerianisation of NLNG now 84%
On
By Godwin Oritse
THE Nigerianisation process at the shipping arm of the Nigerian Liquefied Natural Gas, NLNG, the NLNG Ship Management Limited, NSML, has reached 84 percent and the management of the firm is saying that the process will be up to 100 percent by end 2022.
The process was aimed at total control of the organisation by Nigerians.
Disclosing this to Vanguard Maritime Report in Lagos, Managing Director of NSML, Mr. Abdulkadir Ahmed, said that at the end of next year, there will be no foreigner working with the shipping arm of the company as every position would have been taken over by Nigerians.
By Godwin Oritse
The management of the NLNG Ship Management Limited, NSML, the shipping arm of the Nigerian Liquefied Natural Gas, NLNG, has given reason for putting its vessels in the Bermudian Ship Registry instead of the Nigerian Ship Registry.
Ahmed said that none of the NLNG-NSML vessels is Nigerian flagged as the acquisition of the vessels were through international funding adding that there were also conditions tied to funding these acquisitions.
NSML boss explained that the flagging or registration of vessels in Nigeria is the desire of the shipping firm but the regulation and other factors to make that work in Nigeria must be in place such that it also must be internationally accepted.
By Godwin Oritse
THE Nigerianisation process at the shipping arm of the Nigerian Liquefied Natural Gas, NLNG, the NLNG Ship Management Limited, NSML, has reached 84 percent and the management of the firm is saying that the process will be up to 100 percent by end 2022.
The process was aimed at total control of the organisation by Nigerians.
Disclosing this to Vanguard Maritime Report in Lagos, Managing Director of NSML, Mr. Abdulkadir Ahmed, said that at the end of next year, there will be no foreigner working with the shipping arm of the company as every position would have been taken over by Nigerians.