Category: Maritime
NIMASA Budgets N24b For 2019 Overhead
For the year 2019, the Nigerian Maritime Administration and Safety Agency (NIMASA) overhead will account for N24 billion. Speaking in Abuja on Tuesday, Director General of the agency, Dakuku Peterside explained that capital expenditure will cost N17. 6 billion...
Panama Canal Welcomes Largest LNG Tanker
Less than three years since its inauguration, the Expanded Panama Canal welcomed Qatargas’ Al Safliya, the first Q-Flex and the largest liquefied natural gas (LNG) carrier to ever transit the waterway. The tanker, which has an overall cargo capacity of...
NIMASA Boss Canvasses Support For Renewable Energy
The Nigerian Maritime Administration and Safety Agency, NIMASA, has emphasised its readiness to develop policies that will see to a smooth transition from the regime of intense wet cargo operations, which is the major source of income for the maritime...
Firm Secures $297m Loan For Two LNG Carriers
Russian shipping company Sovcomflot (SCF Group) has signed a new USD 297 million limited recourse credit facility to finance its two next-generation LNG carriers. The financing deal, with a duration of up to ten years, was concluded with three international...
Emulate NIMASA, El-Rufair Urges Corporate Organisations
The Governor of Kaduna State, Mallam Nasir El-Rufai, has urged corporate organisations in Nigeria to emulate the Nigerian Maritime Administration and Safety Agency (NIMASA) by supporting and complementing government’s efforts towards alleviating the sufferin...
SIFAX Group Donates Clinic, Hall To Ogun Community
In furtherance of its commitment to the philosophy of impacting the society, SIFAX Group, a group of companies with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services and Hospitality, has donated a modern and well...
Dakuku: Special Tax Regime For Maritime Sector Under Consideration
The Federal Government Wednesday, assured the international oil and Gas community that the Nigerian maritime sector is safe for investment and special tax regime are under consideration to grow capacity for the industry in the country. Addressing Journalists a...
Seaports, Dell Seal MoU On Digitalization Drive
Abu Dhabi Ports has signed a Memorandum of Understanding (MoU) with Dell Technologies with the aim of bringing technology-based concepts, solutions and services to the maritime industry. The MoU with Dell Technologies is designed to provide Abu Dhabi Ports wit...
NIMASA DG: We Are Determined To End Piracy
The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has said that his agency is determined to run pirates and other bandits operating on the nation’s territorial waters out of business. Peterside wh...
Second LNG Terminal Begins Operations In Bangladesh
Bangladesh has commissioned its second LNG terminal with the launch of operations of FSRU Summit LNG offshore Moheshkhali Island in the Bay of Bengal. According to Excelerate Energy, the FSRU completed commissioning of the LNG terminal, owned by Summit LNG...
Samsung Builds 1st LNG-Fueled Ships With Own Technology
South Korea’s Samsung Heavy Industries (SHI) informed it has successfully constructed its first LNG-fueled vessels with the shipbuilder’s own technology. The LNG-powered 113,000 dwt oil tanker pair delivered to an Asian shipowner early this year just compl...