Government Of Nigeria News

The Nigerian Navy announced the release of the VLCC Heroic Idun on Saturday, and the crew and vessel are now reportedly sailing for South Africa.The navy said the “grave infractions” of the vessel were prosecuted by the Federal Government of Nigeria at the Federal High Court, Port Harcourt on January,10 2023. The 26 foreign crew pleaded guilty and elected voluntarily to enter into a plea bargain that involved paying fines and making an apology to the Federal Republic of Nigeria…

The International Maritime Organization (IMO) Secretary-General Kitack Lim commended Nigeria’s antipiracy efforts in the Gulf of Guinea as the West African nation continues to make strides to curb attacks against ships in the world’s top piracy hot spot.Lim said recent actions made by the West African country to restrain piracy in the region “send a strong and valuable message to the international community”.The IMO head welcomed the latest initiatives to address maritime security concerns in the Gulf of Guinea…

Nigerian-based Homeland Integrated Offshore Services has signed a contract with Damen Shipyards Group for another Damen 3307 Patrol Vessel. The vessel marks another collaboration between the companies, who have been in cooperation since Damen delivered Homeland’s first 3307 Patrol Vessel in 2014.The vessel named, Guardian 6, will join its sister vessels in the Gulf of Guinea providing security services to oil majors operating in the region. It will perform roles such as deterring and intervening in piracy attacks, as well as crew transfers and equipment deliveries.

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, the Ministry and its Agencies should explore alternate financing windows such as the establishment of Maritime Bank to address the financing gap created by the unsuitability of lending rates of Nigerian banks for the shipping business…

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stressed the need for concerted and collaborative efforts of all stakeholders toward the conservation and sustainable use of ocean resources for the protection of the environment and indeed the entire ecosystem. The Director General who made this appeal while speaking at a 2-day Regional Conference on Marine Safety and Fisheries Protection organized by the United Nations…

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has assured Nigerians and the international maritime community that the Federal Government is actively working to keep the menace of piracy and other illicit crimes in check on the nation’s territorial waterways. In this case the word are backed by action and investment, as the Nigerian government has approved the procurement of three helicopters and 12 fast intervention…

Since its first day of operations in May 17, 1989, the Nigeria LNG Limited (NLNG)  has recorded no fewer than 45 vessels chartered-in and five chartered out, said a report in ThisDay. The chartered-in including liquefied natural gas (LNG), liquefied petroleum gas (LPG) and condensate carriers for shipment of its products to buyers across the globe. The chartered-out of its own vessels is for other operators in the market. The company’s assets are now worth over $13bn, a press release from NLNG quoted Tony Attah, Managing Director as saying. He said the NLNG had been able to generate $85bn in revenue. The company has positioned itself…

Tidewater Inc. has announced first quarter net earnings for the period ended June 30, 2011, of $24.6 million, or $0.48 per share, on revenues of $254.6 million. For the same quarter last year, net earnings were $39.8 million, or $0.77 per share, on revenues of $262.5 million. The immediately preceding quarter ended March 31, 2011, had net earnings of $12 million, or $0.23 per common share, on revenues of $254 million. - a $6.3 million ($6.3 million after-tax, or $0.12 per common share) charge to general and administrative expenses related to a previously disclosed settlement with the Federal Government of Nigeria. - a $3.9 million ($3.0 million after-tax…

According to a report on http://www.thenationonlineng.net, the Maritime Workers Union of Nigeria (MWUN) today threatened to shut down seaports to protest the planned establishment of another body--Maritime Security and Safety Agency. MWUN stated this in a petition signed by its President, Tony Nted and Secretary-General, Aham Ubani, and sent to Nigerian President, Goodluck Jonathan. The petition, which made available to the News Agency of Nigeria (NAN) in Lagos, was copied to the Senate President, the Speaker of the House of Representatives and the Minister of Transport. The union claimed that the Presidential Implementation Committee on Maritime Safety and Security (PICOMSS) planned to establish another agency, which it said, was unacceptable.

Tidewater Inc. (NYSE:TDW) announced today fourth quarter net earnings for the period ended March 31, 2011, of $12.0 million, or $0.23 per share, on revenues of $254.0 million. For fiscal year ended March 31, 2011, net earnings were $105.6 million, or $2.05 per share, on revenues of $1,055.4 million. For fiscal year ended March 31, 2010, net earnings were $259.5 million, or $5.02 per share, on revenues of $1,168.6 million. •    a $6.3 million ($6.3 million after-tax, or $0.12 per…

IMO Secretary-General Efthimios E. Mitropoulos has urged the Government of Nigeria to intervene to help reduce the incidence of acts of piracy and armed robbery against ships in the Gulf of Guinea and in the waters off the coast of Nigeria. Mr. Mitropoulos took the opportunity of a wide-ranging meeting with Nigeria's new Minister of Transport, Mr. Ibrahim Bio, which took place Feb. 20 at the IMO Headquarters in London, to stress that urgent action was needed to assure the international maritime community of Nigeria's commitment to address the problem on a priority basis. Mr.