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Shippers in the cointry have lamented the absence of a national shipping flag carrier.
They said the reliance on foreign shipping lines had cost the shipping sector huge losses while clogging the clearing procedures at the ports.
A former Chairman of Ship Owners Association of Nigeria, and Chief Executive Officer of Starzs Shipping Company, Greg Ogbeifun, said Nigeria had lost its place in the global industry. The shipping expert who who spoke in a virtual meeting heralding his birthday said Nigeria loses over $41m daily to other countries.
He said, “Nigeria used to be a very active player in the global shipping industry. The Federal Government owned the Nigerian National Shipping line in the ‘70s, 80s and early 90s. We had Africa Ocean lines and a few others.
President of SOAN, Greg Ogbeifun
The memory of the defunct Nigeria National Shipping Line (NNSL), came to focus at a symposium organised in honour of the former Chairman of Ship Owners Association of Nigeria (SOAN), and CEO of Starzs Shipping Company, Greg Ogbeifun, turns 70 today.
At a virtual symposium, which focused on the possibility of building an indigenous global shipping fleet, experts explored the need to resuscitate the country’s national carrier to reduce capital flight following the death of the NNSL.
Ogbeifun recalled the heydays of the NNSL, saying Nigeria played an active role in the shipping business when the company was active. “Besides, the Nigerian shipping line, there were some private initiatives by individuals like Capt. Emmanuel Iheanacho, who flew the Genesis flag around the world and a few others,” he added.
Three years after, N50bn NIMASA floating dock remains idle, untested Three years after, N50bn NIMASA floating dock remains idle, untested
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When, in 2018, the management of NIMASA procured a floating dock for about N50bn, it was expected to generate N1 billion monthly or N12 billion yearly, when fully operational. Three years down the line, the Floating Dock has remained idle, virtually doing nothing, writes TOLA ADENUBI.
First introduced in the 1990’s, the floating dock system quickly rose in popularity, thanks to its durability and configurations. Among some few features that have helped the floating dock stand out include, but are not limited to, its easy and quick installation/assembly pattern; ability to perfectly adjust to different water levels caused by tides or seasonal variations, floods, droughts; its fully configurable and adaptable system which can be anchored in any body of water and attached to any existing structure, no matter the conditions; its ability to