Nigerian Ship Owners Association News

Nigeria and Greece have signed a deal that will enable Nigerian ship owners to own vessels that would be transferred to them by their Greek counterparts, reports Channels Television. Nigerian ship owners have reiterated their preparedness to partner their Greek counterparts on coastal trade and ship building in the country. To this end, the ship owners, under the auspices of the Nigerian Ship Owners Association (NISA), have sealed a partnership with some ship owners from Greece to bring in 40 vessels into Nigeria. “We have signed the agreement between us and Greeks and Nigeria will acquire the 40 ships in not less than 24 months. NISA is providing a platform for younger and unborn generations and I wish the ships will be growing from 40 to 60 and to 100.

The Nigerian Ship owners’ Association (NISA) and Turkish Shipowners’ Association (TUSA) has flagged off a working rela­tionship to develop water transpor­tation and ship yards, in the Nigeria maritime sector. The Nigerian Shipowners’ Association (NISA), and the Turkish Shipowners’ Association (TUSA) have entered into a working relationship for the development of the Nigerian Maritime industry in the area of shipbuilding, repair and sharing of latest shipping technology. The TUSA President, Capt. Yu­nus Can explained at NISA’s sec­retariat in Lagos that the mutual working relationship between Nigeria and Turkey would lead to enhanced availability of pas­sengers boats, development of shipyards and blueprint for ship maintenance.

The Nigerian Ship Owners Association, NSA, has informed that some of its members are currently grappling with huge financial indebtedness to some banks, which has been aggregated at over $3billion (N480bn) reports the country's National Mirror. NSA, formerly known as the Indigenous Shipowners Association of Nigeria ISAN, is the umbrella body for all fully Nigerian- owned shipping firms made up of over 40 companies, most of which have closed down or at the verge of being closed down.