Tag Archives: Maritime

The federal government has approved the ratification of six maritime conventions and protocols that promote cleaner marine environment, ship-breaking criteria, global standard for fishing crew and response to oil pollution casualties. The approved instruments for ratification are Hong Kong International Convention for Safe and Environmentally Sound Recycling of Ships 2009; …

AS directed  by the leadership of the Maritime Workers Union of Nigeria MWUN, employees of shipping companies in all ports formations today began an indefinite strike over poor wages and alleged dehumanizing working conditions. The industrial action is also taking place across all dry ports, jetties, terminals among others.   …

The House of Representatives Committee on Nigerian Content Development and Monitoring has approved that the Nigerian Maritime Administration and Safety Agency can continue the disbursement of $700m from the Cabotage Vessel Finance Fund.   The House had on May 2, 2023, asked the NIMASA to stop its plan to disburse …

The Federal Inland Revenue Service (FIRS) has stated that it would commence back-end tax audits on operators in the maritime and aviation industries. The Executive Chairman, Muhammad Nami, disclosed this Thursday, while delivering an address at the Pedabo Thought Leadership Breakfast Session, focused on tax issues and the impact on …

The African Export Import Bank  (Afreximbank) has said its intervention in the maritime sector in the last three years include more than $500million facilities for the Onne Port expansion in the Onne FTZ, Nigeria, Gabon, Cote D’ivoire, vessel finance for delightering, security patrol of offshore platforms, hotels in Cape Verde. …

The Ballast Water Management (BWM) Convention of the International Maritime Organisation (IMO), is poised to unlock an unprecedented estimated private sector investment of about $30b in the next few years. The BMW was adopted in order to control and manage ships ballast and sediments. This will help reduce the harmful …