Nigeria News

29 Mar 2020

Nigeria Bans Ships Without Thermal Screening Facilities

© Liaurinko/AdobeStock

As the world grapples with best practices to contain the spread of the current coronavirus, Dr. Bashir Jamoh, the Director General of the Nigerian Maritime Administration and Safety Agency NIMASA, said the agency has developed guidance to support ships that operate in the Nigerian maritime domain, including banning all vessels without thermal screening facilities from operating in Nigerian waters.“These are trying times and we must pull through together that is why we have directed…

30 Mar 2020

Nigeria Announces Offshore Oil Worker Restrictions to Battle Coronavirus

© Jan/AdobeStock

Nigeria's petroleum regulator has ordered oil and gas companies to reduce their offshore workforce and move to 28-day staff rotations as part of measures to curb the spread of the coronavirus, according to a circular seen by Reuters.Health experts fear a widespread outbreak in Africa's most populous country, which has about 200 million inhabitants, and the country is keen to protect oil production, which provides 90% of much-needed foreign exchange.A coronavirus case on an offshore rig could spread quickly among workers and have a potentially devastating impact on production.Sarki Auwalu…

27 Mar 2020

Nigeria Imposes Cargo Vessel Restrictions to Curb Coronavirus Spread

© PerErik  / Adobe Stock

Nigeria will only allow cargo vessels that have been at sea for more than two weeks to dock in its ports to prevent the spread of coronavirus, President Muhammadu Buhari said on Thursday.Health experts fear a widespread outbreak in Africa's most populous country of 200 million people which could overwhelm its creaking healthcare system.Nigeria has closed its land borders and international airports in the last week to curb the spread of the virus.Buhari said on Twitter he had issued a directive that "only cargo vessels that have been at sea for more than 14 days be allowed to dock in our ports…

27 Mar 2020

Fully Laden LNG Tankers Sit Idle Off Indian Ports after Force Majeure

© Wojciech Wrzesien/AdobeStock

At least five fully-laden liquefied natural gas (LNG) tankers are idling offshore India, as yet unable to discharge their cargoes, after importers there declared force majeure earlier this week, according to an analyst and shipping sources.Gas demand is falling globally amid the fast-spreading coronavirus which has capped industrial output, forcing LNG tankers in several regions to remain at sea fully laden with no immediate destination, the sources said.At least three major buyers in India…

16 Mar 2020

Deepwater Acreage to Attract Investments

Image: Norwegian Petroleum Directorate

Deepwater acreage will continue to attract significant company interest through 2020, said a report.According to GlobalData, a significant portion of the acreage available in Q1 2020 is located in either deep or ultra-deep water, up from the previous quarter.In Q1 2020, approximately 60% of the acreage available in licensing rounds either open or scheduled to close in the quarter is located in deep or ultra-deep water, revealed the report: ‘Q1 2020 Global Bid Round Outlook – Increase in Deepwater Acreage Offered in Q1 2020’.Toya Latham…

04 Mar 2020

Shipping Goods into Nigeria Costs More Than for African Peers

© donvictori0 / Adobe Stock

It costs as much as five times more to ship goods into Nigeria than it does to deliver items via other African ports, consultancy SBM Intelligence said in a note on Wednesday.SBM tracked shipments from the European Union into Appapa, a key import hub in Nigeria's commercial capital of Lagos, Durban in South Africa and Tema in Ghana over three months.The results showed that total costs to get items into Lagos are five times higher than in Durban and three times higher than in Tema.Local transport added the biggest amount, costing 10 times as much in Lagos compared with the other portsThe figure

26 Feb 2020

Global LNG Exports Reach 362MT in 2019

Image: Flex LNG

During the fourth quarter of 2019, spot LNG freight rates continued to strengthen with average reported headline rates for MEGI/X-DF LNG carriers increasing by 66% from $74,800 per day to $123,800 per day, according to Flex LNG.Rates increased steadily due to higher demand preparing for winter in Northern Asia, as well as continued floating storage, Flex LNG said.Trading patterns and LNG pricing however, continue to favor Europe as the main destination for incremental uncommitted LNG volumes due to the low spread in gas prices between Asia and Europe…

26 Feb 2020

Keppel Breaks FPSO Conversion Record

FPSO Abigail-Joseph - According to Keppel this was the world’s fastest brownfield FPSO modification and upgrading project - Credit:Keppel

Singapore's offshore facilities builder Keppel has said it has delivered "the world’s fastest brownfield Floating Production Storage and Offloading vessel (FPSO) modification and upgrading project."Named FPSO Abigail-Joseph, the vessel was delivered to Malaysia's Yinson Holdings. According to Keppel, it took it seven months to complete the project.Chris Ong, CEO of Keppel O&M said, "This is our 134th floating production vessel, and we are pleased to be able to fast-track the project and upgrade it in under seven months.

21 Feb 2020

Harvey Gulf Eyes International Markets

(Photo: Harvey Gulf)

Offshore marine transportation firm Harvey Gulf International Marine says it has been able to achieve success in the turbulent offshore market by constantly reinvented itself to fit the industry demands.Never afraid to shake things up, Harvey Gulf has maintained this mindset throughout its 70-year-history, says CEO Shane Guidry. “From a humble beginning of a three oyster fishing vessels used as supply vessels in 1949 to a larger fleet of offshore vessels that towed barges and drilling rigs to its modern day evolution of a fleet of offshore supply…

20 Feb 2020

WACT to commence Phase 2 Upgrade

Image: APM Terminals

The West Africa Container Terminal (WACT) is quickly earning a reputation as the gateway to Eastern Nigeria and a strong alternative to ports in Lagos.Investment in the Phase 2 upgrade, due to commence within the next 18 months, will help meet volumes, which have grown consistently over the past three years.“The Phase 2 upgrade includes the acquisition of three additional Mobile Harbour Cranes (MHCs) bringing the total in operation to five; 20 Rubber Tyre Gantry Cranes (RTGs)…

17 Feb 2020

Keel Laid for Nigerian Navy Landing Craft

Image: Damen Group

Dutch shipbuilding giant Damen Group said that its Damen Shipyards Sharjah (DSS) in the United Arab Emirates held a keel-laying ceremony for a new landing craft (LST 100) ordered by the Nigerian Navy.A press release from Damen said on February 17, 2020 said that the ceremony took place in the Sahrjah Hamriyah Free Zone on December 9, 2019.The start of the vessel’s construction was attended by Nigeria’s Chief of Naval Staff, Vice Admiral Ibok-Ete Ibas.Damen has designed the Landing Ship Transport 100 (LST 100) for a range of duties including amphibious operations…

27 Jan 2020

NLNG Signs LNG Supply Deal with Eni

Image: Nigeria Liquefied Natural Gas

African producer Nigeria Liquefied Natural Gas (NLNG) signed a long-term contract with the Italian energy major Eni SPA for the supply of 1.5 million tonnes/year of liquefied natural gas (LNG) for 10 years from Trains 1, 2, and 3 in Bonny Island, Nigeria.The LNG will be produced from the existing Trains 1,2 and 3 located in Bonny Island, Nigeria.Eni, through its local affiliate NAOC, is also one of the suppliers of the liquefaction plant, thus contributing to the valorization of associated gas resources in Nigeria.The deal…

14 Jan 2020

Russian Tanker Back in Region After Shipping U.S. LNG to Europe

© O.B. / MarineTraffic.com

A Russian gas tanker that is used to secure energy supplies in the west Russian enclave of Kaliningrad has arrived back in the region after being leased out to transport U.S.-produced LNG to Europe, Refinitiv Eikon data showed on Tuesday.Two energy sources told Reuters in November that energy trader Gunvor had leased the Marshal Vasilevskiy tanker from Russian state-controlled gas company Gazprom for loading an LNG cargo in the United States.That surprised the LNG shipping market because U.S.

20 Dec 2019

BY THE NUMBERS: the OSV Markets

US Offshore Support Vessel Analysis 2018 and 2019. The US GOM Offshore Support Vessel (OSV) market is suffering, utilization remains poor, and many owners are still squeezed financially. However, a poor market forces people to adapt and for those willing to take risks, the upside can be extremely large.US Owners 2018 vs. 2019: Within the US GOM, 2018 saw a period of strategic thinking and tactical business decisions. Tidewater Marine completed their merger with GulfMark Offshore to create the world’s largest OSV player.

20 Dec 2019

Harvey CEO Acquires Harvey’s Interest in QLNG

Shane Guidry, CEO of Harvey Gulf International Marine

Shane Guidry, CEO of Harvey Gulf International Marine, has announced he has purchased Harvey’s 30 percent ownership in Quality Liquefied Natural Gas Transport (QLNG). The CEO previously owned 70 percent of QLNG with Harvey and now controls 100 percent.In connection with the announcement, Mr. Guidry commented: “QLNG didn’t quite fit into Harvey’s core business and future. At Harvey, we are focused on growing globally, which we’ve done over the last 12 months. Today, we have vessels working in Mexico, Trinidad, Peru, Guyana, Suriname, USA and Nigeria.

05 Dec 2019

Pirates Kidnap 19 Crew from Tanker off Nigeria

© Christin Boggs Peyper / Adobe Stock

Pirates have kidnapped 19 crew members from a crude oil tanker off Nigeria in an area where acts of piracy are on the rise, an official with the ship's operator said on Thursday.The loaded vessel, the Nave Constellation, was attacked 77 nautical miles off Bonny Island on Tuesday and 18 Indians and one Turk from the crew were seized, the official said.Seven other crew members remain on board the vessel. Neither the vessel nor the cargo were damaged, the official said.The shipping…

27 Nov 2019

Nigeria Ports in Pact with Port of Antwerp

Photo: Port of Antwerp International

The Antwerp port community and its various partners are currently on a trade mission to West-Africa, including Benin and Nigeria.A collaboration agreement was signed between Port of Antwerp International (PAI), the consultancy and investment subsidiary of Port of Antwerp, and APEC, its maritime training center, and Nigerian Ports Authority, which manages the 6 ports of Nigeria. This collaboration, which will mainly take the form of training and consulting, underlines the leading…

19 Nov 2019

Bourbon Mobility Adds Onboard Entertainment

(Photo: Bourbon)

Offshore passenger transportation provider Bourbon Mobility has partnered with Moment to provide an entertainment offer on board its vessels.In an effort to enhance its transport service of staff to oil platforms in West Africa, Bourbon Mobility has opted to have its fleet of Surfers outfitted with portable streaming servers, which enables passengers to access movies, documentaries and games on their mobile devices throughout their journey. So far 15 vessels have been equipped with the Moment digital entertainment solution.Aboard Bourbon Mobility’s ships…

18 Nov 2019

Oil Majors to Raise $27Bln in Selling Spree

Pic: Rystad Energy

Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy’s latest assessment.These companies are actively shedding mature assets on a massive scale in a bid to finance higher-yielding investments elsewhere, with the added benefit of pleasing shareholders who are calling for stricter capital discipline.“The expected transactions mean some of the majors are poised to exit certain regions…

18 Nov 2019

SAR Traning for African Women

Pic: International Maritime Organization (IMO)

Training for African women working in search and rescue (SAR) operations underwent at the Maritime Rescue Coordination Center in Rabat, Morocco (13-15 November).Thirteen officials from developing countries and Small Island Developing States took part in the first regional training course of this kind. The participating states were Côte d'Ivoire, Ghana, Kenya, Morocco, Mozambique, Nigeria, Republic of the Congo, Senegal, Seychelles and South Africa.The course included a practical…

17 Nov 2019

Nigeria to Pedal Maritime to Mainstream

Group photograph of delegates at the opening of a two-day Regional Workshop on UN Sustainable Development Cooperation Framework. Photo: NIMASA

The Nigerian Minister of Transportation, Rt. Hon. Chibuike Amaechi has disclosed that the Federal Government  will ensure the maritime sector gets into the mainstream of economic strategy as it will engender economic growth and prosperity.The Minister said that the Maritime Transport Plan and Strategy when fully completed will also provide a robust enabling framework for achieving Nigerian maritime objective and foster Public, Private sector collaboration and inter-regional cooperation.

04 Nov 2019

Pirates Kidnap Crew of MV Bonita

Pic: Norwegian Shipowners’ Association

Pirates have kidnapped nine crew members from a Norwegian shipping vessel named the MV Bonita off the coast of Benin in West Africa.MV Bonita was anchored and awaiting berth at the Cotonou port to discharge a shipment of gypsum when the pirates boarded, the shipping firm  J.J. Ugland said in a statement Sunday.The Norwegian Shipowners’ Association said that it is in close contact with Ugland Shipping with a common and clear goal to bring the 9 sailors back to safety. The vessel and remaining crew are safely anchored in Cotonou and investigations are carried out.

28 Oct 2019

West Africa Crude-Freight Rates Ease

AdobeStock / © Kasto

Freight rates to Europe and Asia have continued to ease, albeit at a less rapid rate than during the middle of the month, boosting price offerings for West African grades, traders said on Monday. Rates for VLCCs from Nigeria's Bonny Light terminal to Singapore settled at $3.25 a barrel on Friday from highs just below $10 two weeks earlier, according to Refinitiv data, while for Rotterdam they eased to $2.72 from a high above $5.Rates for key Angolan grade Girassol aboard a VLCC bound for China plunged to $3.84 a barrel from highs of $11.39.

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