Nigeria News

21 Oct 2019

46 Countries Support Torremolinos Declaration

Pic: International Maritime Organization (IMO)

The Cook Islands and Sao Tome and Principe have become the latest States to become Party to the Cape Town Agreement on fishing vessel safety.These small nations deposited their instruments of accession during the Torremolinos Ministerial Conference on Fishing Vessel Safety and Illegal, Unreported and Unregulated (IUU) Fishing (21-23 October).At the same time, they joined 44 other countries (46 in total) signing the Torremolinos Declaration, a non-legally binding political instrument.By signing the Declaration…

18 Oct 2019

W. Africa Crude-Freight costs ease, especially for VLCCs

File Image (CREDIT: K LIne)

Freight rates eased further on Friday, especially for the largest oil tankers, promising some recovery for West African oil prices which had touched multi-year lows. VLCC freight costs eased more rapidly than smaller Suezmaxes, making it less advantageous to ship on the latter. Prices for Suezmaxes were estimated around world scale 190-200, with one European buyer estimating further relief to around 150 by the end of next week.Nigeria's NNPC cut its November official selling price for Bonny Light crude to dated Brent plus 58 cents per barrel and for Qua Iboe to plus 63 cents per barrel…

13 Oct 2019

Fighting Maritime Crimes in Gulf of Guinea

Pic: International Maritime Organization (IMO)

Ensuring that trade and travel by sea are as secure as possible is a key element of IMO's work and mandate.International Maritime Organization (IMO) took part in the Global Maritime Security Conference held in Nigeria (7-9 October) to look at maritime security challenges in the Gulf of Guinea as well as potential solutions to address maritime threats in the region.IMO's Assistant Secretary-General Lawrence Barchue, speaking on behalf of IMO Secretary-General Kitack Lim, highlighted…

08 Oct 2019

CMA CGM Set to Launch Guinea Gulf Express

Map: CMA CGM

French container transportation and shipping company CMA CGM plans to introduce its new product GUINEA GULF EXPRESS (GGX) service in complement of the current 6 weekly services as part of improving its  offer on the trade Europe and Mediterranean to West Africa strategic markets.The new Guinea Gulf Express is the second service from Gibraltar hubs linking European, Med and North America to Tema, Ghana, Nigeria Lagos port and Conakry, Guinea.It will provide perfect answers to Customers’ needs with transit times amongst the best on the market…

19 Sep 2019

Homeland Orders Security/Crew Vessels

(Photo: Homeland IOS)

Nigeria-based Homeland Integrated Offshore Services LTD (Homeland IOS) said it has placed an order with the Singaporean Penguin Shipyard for several Flex Fighter security/crew vessels for delivery in December 2019.The 40-meter vessels are among the first of Penguin Shipyard’s latest generation, fitted with an all-round wheelhouse ballistic protection, machine gun mounts and gunner shields forward and aft. The vessels ave cabins and amenities for up to 12 security personnel.To fulfill its role as a crew boat…

13 Sep 2019

SCD JV Win $10bln NLNG Train7

Image: Nigerian LNG

The Nigerian Liquefied Natural Gas Company (NLNG) signed a “letter of intent” with SCD JV as preferred bidder to construct the $10bn NLNG Train 7 project.SCD JV  is a joint venture consortium comprising Saipem, Chiyoda and Daewoo."SCD JV is the preferred bidder for  the contract for the Engineering, Procurement & Construction of the Nigeria LNG Train 7 Project after a competitive FEED contract," said NLNG.The intended award of the EPC contract is conditional upon the approval of Nigeria LNG Limited’s board of directors and shareholders…

10 Sep 2019

Bumi Armada Sells FPSO for $40 Mln

Malaysian oilfield services company Bumi Armada Bhd has found a buyer for its floating production storage and offloading (FPSO) vessel Armada Perdana in Nigerian company Century Energy Services (CESL) for RM167.17 million ($40 million).Kuala Lumpur-based floater player said in a Bursa Malaysia filing that its subsidiary, Armada Oyo Limited (AOL), had entered into an agreement with CES) for the sale of the Armada Perdana.CESL plans to redeploy the vessel to another field in Nigeria, said the statement.CESL has already paid $4.5 million out of a $5.5 million deposit to AOL, with the outstanding amount to be satisfied before the end of the year.Additional vessel expenses incurred from August 1 until the delivery date of the FPSO will be offset against the purchase price.Then…

03 Sep 2019

Harvey Gulf Continues Global Expansion

Harvey Gulf CEO Shane Guidry

The Company announced today that its two PSV 3250’s arrived without incident in Nigeria on August 12, 2019 and immediately began one-year contracts.CEO Shane Guidry commented, “We want to thank our local partner and our Nigeria employees for working 100 percent within our policies, procedures and most importantly our safety culture. We look forward to growing our business in the region.” The Company continues to expand globally, with two additional PSV 5400’s arriving in Trinidad on August 24…

21 Aug 2019

African LNG to Attract $103Bln in 2019

Pic: GECF

With greenfield investments in Nigeria, Egypt, Mozambique and elsewhere reaching nearly $103 billion this year, it is clear that liquefaction is viewed as the most profitable strategy for realizing Africa’s gas potential, said Gas Exporting Countries Forum (GECF).Africa is an exciting frontier in the global natural gas sector. The continent holds 7.1 percent of proven global gas reserves and is expected to contribute nearly 10 percent of global production growth through to 2024.Nigeria accounts for over 50 percent of current LNG production capacity on the continent.

16 Aug 2019

Migrants on Ship Center of Political Fight

A charity rescue ship carrying 134 migrants, mostly Africans, was stranded off the coast of Italy on Friday as a political battle in Rome stopped it from docking and even the medical conditions of those on board were disputed.The migrants, picked up off Libya over the last two weeks, are waiting to disembark on the southern Italian island of Lampedusa, but far-right Interior Minister Matteo Salvini has ordered his officials not to let them do so.Salvini, who has built his popularity on a vigorous campaign against illegal immigration, is acting in defiance of his own prime minister and despite six European Union nations agreeing to take…

31 Jul 2019

MDL Wins Equatorial Guinea Pipelay Work

Pic: Maritime Developments

Maritime Developments (MDL), a provider of back-deck equipment for the subsea sector of oil and gas industry, has been awarded a contract to supply a complete pipelay spread and personnel for a flexible installation offshore Equatorial Guinea.The award comes from a new client, whose work scope covers the launch of a number of new wells in an existing network of drill centres in the West African basin, MDL said.The MDL spread will consist of the MDL Horizontal Lay System (HLS)…

23 Jul 2019

New Vessels Up Security Offshore Nigeria

(Photo: Damen)

A pair of new patrol vessels have been delivered to boost the security presence for offshore operations off the coast of Nigeria.The Netherlands based Damen Shipyards Group said on Tuesday it has handed over two Fast Crew Supplier (FCS) 3307 vessels configured as patrol boats to West African offshore services supplier Homeland Integrated Offshore Services Limited (HIOSL).The delivery of Guardian 9 and Guardian 10, just five months after the contracts were signed, adds to the existing…

16 Jul 2019

Piracy Down in the Waters Off Nigeria

Pic: Danish Shipping

The number of hijackings and armed attacks on ships sailing off Nigeria has dropped according to new figures from the International Piracy Reporting Centre, IMB.Fire shots at ships, assault and hostage taking of crew members. Pirate attacks have long been a serious threat, creating insecurity for both crew members and shipping companies. But new figures now show that the number of pirate attacks is declining.Globally, 78 cases of piracy and armed robbery against ships have so far been registered…

16 Jul 2019

Ten Turkish Sailors Seized by Pirates off Nigeria

© pavalena / Adobe Stock

Ten Turkish sailors were taken hostage by armed pirates who attacked a Turkish-flagged cargo ship off the coast of Nigeria, the vessel's owner said on Tuesday, adding that another eight sailors were left safely aboard.Turkey's foreign ministry said the sailors were seized on Saturday evening. After the pirates left the ship it was taken to Ghana's Tema port, and Ghanaian and Nigerian authorities are working on returning the captured sailors, the ministry said.Shipping company Kadioglu Denizcilik said its ship…

16 Jul 2019

Keppel Wins Yinson FPSO Modification Work

(Photo: Keppel O&M)

Singapore-based Keppel Offshore & Marine (Keppel O&M) has through its wholly-owned subsidiary Keppel Shipyard, secured a contract from repeat customer Yinson for the modification of a floating production, storage and offloading vessel (FPSO).The contract is between Keppel Shipyard and Yinson Nepeta Production Ltd, a wholly-owned subsidiary of Yinson Production Pte Ltd, for the fast-track modification and upgrading of FPSO Allan. Keppel Shipyard’s scope of work includes refurbishment and life extension works…

11 Jul 2019

Shipping Losses Lowest This Century as New Dangers Emerge

Captain Andrew Kinsey, Senior Risk Marine Consultant with Allianz Risk Consultant (ARC)

The Allianz Global Corporate & Specialty AGCS) Safety & Shipping Review 2019 provides a unique and in-depth look at the emerging risks facing international shipping stakeholders.Large shipping losses are now at their lowest level this century having declined by over 50% year-on-year, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2019. The annual study analyzes reported shipping losses over 100 gross tons (GT). AGCS provides global marine and shipping insurance for all types of marine risk…

09 Jul 2019

Piracy: West Africa, World's Most Dangerous Seas

Graphics: IMB Piracy Reporting Centre (PRC)

The seas off West Africa's coastline are now the most dangerous in the world for shipping, the International Maritime Bureau’s (IMB) latest report revealed.According to the report, of the 75 seafarers taken hostage onboard or kidnapped for ransom worldwide so far this year, 62 were captured in the Gulf of Guinea – off the coasts of Nigeria, Guinea, Togo, Benin and Cameroon.The IMB Piracy Reporting Center (IMB PRC) recorded 78 incidents of piracy worldwide and armed robbery against ships in the first half of 2019, compared with 107 incidents for the same period of 2018.

04 Jul 2019

MACN's Port Integrity Campaign in India

Pic: Maritime Anti-Corruption Network (MACN)

The Maritime Anti-Corruption Network (MACN) has announced the launch of a groundbreaking Port Integrity Campaign in India, with the support of the Government of India.The global business network of over 110 companies working together to tackle corruption in the maritime industry said that the campaign, which aims to reduce and (in the long term) eliminate integrity issues and bottlenecks to trade during operations in Indian ports, is a collective action of MACN, the Government of India…

24 Jun 2019

17.5 Tons of Cocaine found on Containership

Photo: U.S. Customs and Border Protection

A U.S. Customs and Border Protection (CBP) and Immigration and Customs Enforcement Homeland Security Investigations (HSI)-led multi-agency examination of shipping containers at the Philadelphia seaport netted a historic load of cocaine, the largest cocaine seizure in the 230-year history of U.S. Customs and CBP, with an estimated weight of over 17.5 tons and a street value of about $1.1 billion.During a midstream joint boarding Sunday night, CBP, HSI, and U.S. Coast Guard authorities detected anomalies while examining seven shipping containers aboard the MSC Gayane…

19 Jun 2019

High Level Meet on Piracy in Gulf of Guinea

A high-level meeting on piracy and armed robbery in the Gulf of Guinea held at the International Maritime Organization (IMO) head office in London, was attended by the shipping community, Flag States, seafarer groups and maritime agencies, including International Maritime Bureau (IMB).The symposium has shone the spotlight on the need for urgent action to ensure the safety and security of seafarers transiting the region.Discussion were animated, but all gathered were in consensus as to the outcome, which is to identify actions that will reduce the risks posed to seafarers and shipping, and to make crew kidnappings ‘history’.Dr. Grahaeme Henderson…

18 Jun 2019

Harvey Gulf Wins Work in Nigeria

(Photo: Harvey Gulf)

US based Harvey Gulf announced on Tuesday that it has signed a pair of one-year charters in Nigeria, for the placement of two US-flag 3250DWT DPS-2 platform supply vessels (PSV). Both PSVs are capable of working in shallow water ports with 4.5 meters of transit depth and will depart for Nigeria in late June.The company said it also expects to send two 1,000-square-meter deck vessels to the area in the third quarter.CEO Shane Guidry commented, “We are continuing with our commitment to our shareholders of doing all we can to continue to generate positive EBITDA and cash flow…

14 Jun 2019

US Leads World Oil Reserves

Graph: Rystad Energy

The United States has a world-leading 293 billion barrels of recoverable oil resources, which is 20Bbbl more than Saudi Arabia and 100Bbbl more than Russia, with the Permian Basin leading that charge.Rystad Energy’s estimate of US recoverable oil is also five times more than officially reported proven reserves as published in the BP Statistical Review of World Energy 2019.Tight oil plays in the Permian Basin in Texas and New Mexico now hold 100 billion barrels of recoverable oil resources, according to Rystad Energy’s analysis.

10 Jun 2019

Piracy Threat Persists in Gulf of Guinea

A crew member prepares to board a tanker that was hijacked by pirates in Benin on. Pic: US Naval Institute

Concerns raised by various industry bodies were supported by figures from the International Maritime Bureau showing that the number of attacks in the Gulf of Guinea region had doubled in 2018.There has also been a marked increase towards kidnapping for ransom and armed robbery incidents.Members of the shipping community, Flag States and Agencies from Gulf of Guinea gathered at the Headquarters of the International Maritime Organization (IMO) for a day-long symposium on Maritime Security in the Gulf of Guinea.

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