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20 Investors Indicate Interest in Ibom Deep Seaport



NOT less than twenty local and foreign investors have indicated interest in the proposed Akwa Ibom Deep Seaport.

Already, the ministerial project development and steering committee   has submitted a copy of the final Outline Business Case (OBC) to the Federal Ministry of Transport and the Nigerian Ports Authority (NPA).

Members of the committee comprise officials of the Federal Ministry of Transport, NPA and the consulting firm,  Felak Concept Limited.

Secretary of the Committee, Dikko  Bala, who spoke during the submission of  OBC to NPA in Lagos, commended the Managing Director of the parastatal, Habib Abdullahi, for “his support and unflinching commitment to the project”.

He explained that the project would be executed under the Long Term Amortization Scheme (LTAS).

Highlight of the event was the presentation of the OBC  to Abdullahi by  the Managing Director of Felak Concept, Dr [Mrs] Aisha  Achimugu.

Abdullahi also used the opportunity to reiterates what he described as the “unflinching commitment of the Authority”  to the successful take off and timely completion of the Ibom Deep Sea Port.

According to the Managing Director,NPA as  a stakeholder and a technical regulator  has much to gain from the success of the Ibom Deep Sea project, adding that the Authority’s participation in such projects, under the Private Partnership Projects [PPP] has been very beneficial “as demonstrated in the Onne Port project”.

While appreciating the zeal and hard work of the committee members, Abdullahi commended the Governor of Akwa Ibom state, Godswill Akpabio for initiating the project “considering its enormous economic potentials to the well-being of the state and the nation at large”.

He enjoined other states in the federation to emulate Akwa-Ibom state in this direction by embarking on projects, which according to him will promote the well being of their citizenry and “improve their economic empowerment.

Abdullahi was also quoted in a statement signed by NPA’s Principal Manager, I.A. Suwaid as saying the Federal Government desire to encourage state Governments invest in the maritime sector, under PPP prompted NPA’s current involvement in other proposed deep sea ports projects in Lekki Deep Sea Port, Badagry Deep Sea Port, and Olokola Deep Sea Port.

The Minister of Transport,  idris Umar had recently announced commencement of  the procurement procedure   for the Ibom deep seaport project.

Umar said: “The necessary evaluation will be carried out with the transaction advisers. We have to work assiduously with the OBC document to ensure that the procurement processes commence as soon as possible.”

The State Governor, Godswill Akpabio recently reiterated the commitment of his administration to the construction of the project.

The Governor said: ‘’The Ibaka Seaport would be an avenue for job creation. And Nigerians must know that a port in Akwa Ibom State is not to create jobs only for Akwa Ibom people, but for all Nigerians.

He added: ‘’I am determined to correct the mistakes of the past where industries were created or located only where prominent people came from; and nobody thought of job creations or of economic activities that would sprung out of the companies.’’

The Governor said: ‘’If you look at the map, we are located within the Gulf of Guinea, which would improve the economic activities, security of the country. Other African countries would also benefit from the port.

Source: Guardian


WAIVER CESSATION: Igbokwe urges NIMASA to evolve stronger collaboration with Ships owners



…Stresses the need for timely disbursement of N44.6billion CVFF***

Highly revered Nigerian Maritime Lawyer, and Senior Advocate of Nigeria (SAN), Mike Igbokwe has urged the Nigeria Maritime Administration and safety Agency (NIMASA) to partner with ship owners and relevant association in the industry to evolving a more vibrant merchant shipping and cabotage trade regime.

Igbokwe gave the counsel during his paper presentation at the just concluded two-day stakeholders’ meeting on Cabotage waiver restrictions, organized by NIMASA.

“NIMASA and shipowners should develop merchant shipping including cabotage trade. A good start is to partner with the relevant associations in this field, such as the Nigeria Indigenous Shipowners Association (NISA), Shipowners Association of Nigeria (SOAN), Oil Trade Group & Maritime Trade Group of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA).

“A cursory look at their vision, mission and objectives, show that they are willing to improve the maritime sector, not just for their members but for stakeholders in the maritime economy and the country”.

Adding that it is of utmost importance for NIMASA to have a through briefing and regular consultation with ships owners, in other to have insight on the challenges facing the ship owners.

“It is of utmost importance for NIMASA to have a thorough briefing and regular consultations with shipowners, to receive insight on the challenges they face, and how the Agency can assist in solving them and encouraging them to invest and participate in the maritime sector, for its development. 

“NIMASA should see them as partners in progress because, if they do not invest in buying ships and registering them in Nigeria, there would be no Nigerian-owned ships in its Register and NIMASA would be unable to discharge its main objective.

The Maritime lawyer also urged NIMASA  to disburse the Cabotage Vessel Financing Fund (CVFF)that currently stands at about N44.6 billion.

“Lest it be forgotten, what is on the lips of almost every shipowner, is the need to disburse the Cabotage Vessel Financing Fund (the CVFF’), which was established by the Coastal and Inland Shipping Act, 2003. It was established to promote the development of indigenous ship acquisition capacity, by providing financial assistance to Nigerian citizens and shipping companies wholly owned by Nigerian operating in the domestic coastal shipping, to purchase and maintain vessels and build shipping capacity. 

“Research shows that this fund has grown to about N44.6billion; and that due to its non-disbursement, financial institutions have repossessed some vessels, resulting in a 43% reduction of the number of operational indigenous shipping companies in Nigeria, in the past few years. 

“Without beating around the bush, to promote indigenous maritime development, prompt action must be taken by NIMASA to commence the disbursement of this Fund to qualified shipowners pursuant to the extant Cabotage Vessel Financing Fund (“CVFF”) Regulations.

Mike Igbokwe (SAN)

“Indeed, as part of its statutory functions, NIMASA is to enforce and administer the provisions of the Cabotage Act 2003 and develop and implement policies and programmes which will facilitate the growth of local capacity in ownership, manning and construction of ships and other maritime infrastructure. Disbursing the CVFF is one of the ways NIMASA can fulfill this mandate.

“To assist in this task, there must be collaboration between NIMASA, financial institutions, the Minister of Transportation, as contained in the CVFF Regulations that are yet to be implemented”, the legal guru highlighted further. 

He urged the agency to create the right environment for its stakeholders to build on and engender the needed capacities to fill the gaps; and ensure that steps are being taken to solve the challenges being faced by stakeholders.

“Lastly, which is the main reason why we are all here, cessation of ministerial waivers on some cabotage requirements, which I believe is worth applause in favour of NIMASA. 

“This is because it appears that the readiness to obtain/grant waivers had made some of the vessels and their owners engaged in cabotage trade, to become complacent and indifferent in quickly ensuring that they updated their capacities, so as not to require the waivers. 

“The cessation of waivers is a way of forcing the relevant stakeholders of the maritime sector, to find workable solutions within, for maritime development and fill the gaps in the local capacities in 100% Nigerian crewing, ship ownership, and ship building, that had necessitated the existence of the waivers since about 15 years ago, when the Cabotage Act came into being. 

“However, NIMASA must ensure that the right environment is provided for its stakeholders to build and possess the needed capacities to fill the gaps; and ensure that steps are being taken to solve the challenges being faced by stakeholders. Or better still, that they are solved within the next 5 years of its intention to stop granting waivers”, he further explained. 

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Breaking News: The Funeral Rites of Matriarch C. Ogbeifun is Live



The Burial Ceremony of Engr. Greg Ogbeifun’s mother is live. Watch on the website: and on Youtube: Maritimefirst Newspaper.

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Wind Farm Vessel Collision Leaves 15 Injured



…As Valles Steamship Orders 112,000 dwt Tanker from South Korea***

A wind farm supply vessel and a cargo ship collided in the Baltic Sea on Tuesday leaving 15 injured.

The Cyprus-flagged 80-meter general cargo ship Raba collided with Denmark-flagged 31-meter wind farm supply vessel World Bora near Rügen Island, about three nautical miles off the coast of Hamburg. 

Many of those injured were service engineers on the wind farm vessel, and 10 were seriously hurt. 

They were headed to Iberdrola’s 350MW Wikinger wind farm. Nine of the people on board the World Bora were employees of Siemens Gamesa, two were employees of Iberdrola and four were crew.

The cause of the incident is not yet known, and no pollution has been reported.

After the collision, the two ships were able to proceed to Rügen under their own power, and the injured were then taken to hospital. 

Lifeboat crews from the German Maritime Search and Rescue Service tended to them prior to their transport to hospital via ambulance and helicopter.

“Iberdrola wishes to thank the rescue services for their diligence and professionalism,” the company said in a statement.

In the meantime, the Hong Kong-based shipowner Valles Steamship has ordered a new 112,000 dwt crude oil tanker from South Korea’s Sumitomo Heavy Industries Marine & Engineering.

Sumitomo is to deliver the Aframax to Valles Steamship by the end of 2020, according to data provided by Asiasis.

The newbuild Aframax will join seven other Aframaxes in Valles Steamship’s fleet. Other ships operated by the company include Panamax bulkers and medium and long range product tankers.

The company’s most-recently delivered unit is the 114,426 dwt Aframax tanker Seagalaxy. The naming and delivery of the tanker took place in February 2019, at Namura Shipbuilding’s yard in Japan.

Maritime Executive with additional report from World Maritime News

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