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Qatar may Build 2nd LNG Terminal in Italy



Italy and Qatar are working to further deepening the bilateral economic ties. Both the countries are planning to build their second LNG receiving terminal in Italy to enhance capacity, in addition to discussions on many other investment proposals in the pipeline, said Guido De Sanctis, Italian Ambassador to Qatar.

“Italy is one of the largest trading partners of Qatar in Europe. Our exports to Qatar for the first 10 months of 2014 stood at ¤900m (about QR3.7bn) while Qatar’s exports to Italy was about ¤1.4bn (QR5.75bn). The trade balance was in favour of Qatar essentially due to exports of liquefied natural gas (LNG),” said De Sanctis.

De Sanctis said: “We have been trying to diversify our sources of energy since the 1950s. This is why in 2010 we started importing LNG from Qatar. The existing terminal in Italy, which has been built with financial support from Qatar, is almost running at full capacity. So we are looking forward to build another terminal to receive more LNG from Qatar.”

He added: “We also need to keep in mind that a new LNG terminal will not only be useful for Italy but will also help Qatar in catering to the whole of Europe.”

However, he said the proposed project has to go through many processes and challenges, including political, environmental and issues related to employment.

The existing “Adriatic LNG Terminal” in Italy, located offshore of Porto Levante, in the Northern Adriatic Sea, is the first offshore Gravity Based Structure in the world for unloading, storage and regasification of LNG.

The terminal has been designed, built and operated by Terminale GNL Adriatico (Adriatic LNG), the joint venture between Qatar Terminal Limited (45 percent), ExxonMobil Italiana Gas (45 percent) and Edison (10 percent). Qatar Terminal Limited is a 100 percent owned subsidiary of Qatar Petroleum.

According to the Italian envoy, the Qatar-Italy bilateral trade volume in 2015 is expected to surge as many Italian companies are here to explore the Qatari market.

De Sanctis was speaking to The Peninsula on the sidelines of a B2B networking event organised by Qatar Chamber (QC) and Italian Trade Agency for the visiting Italian trade mission representing seven leading electrical and electronic companies.

Present at event were Mohammed bin Ahmed bin Tawar Al Kuwari, Vice-Chairman, QC, and scores of businessmen.

“Our presence in Qatar is growing. There are more than 40 Italian companies and over 1,000 Italian professionals who are working in different sectors of the Qatari economy. We were awarded recently a contract for the construction of Doha Metro (Red Line North), and the companies involved in the project will bring more people,” said De Sanctis.

On Qatar’s investments in Italy, he said: “Qatar has made significant investments in Italy, and there are many new plans in the pipeline. Our visiting minister of economic development will be meeting tomorrow (today) with Qatar Investment Authority (QIA) officials. We hope to discuss some concrete projects.”

Asked to provide some numbers on Qatari investments in Italy, he said: “I am not ready to quote any number because there are different types of investments, which is difficult to measure since there are investments for project development and other.

However, he added that some of Qatar’s important investments in Italy include the buying of Costa Smeralda, a tourist destination, by Qatar Holding, and a hospital located in the same area.

“In addition to these two, there are investments in Porta Nuova, the main business district of Milan and many other investments in the hospitality sector in many historical cities.”
The Peninsula

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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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