shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Ship Acquisition: NISA In Fresh Talks With American Shipowners

Ship Acquisition: NISA In Fresh Talks With American Shipowners

by Joshua
July 15, 2015
in Uncategorized

‎About two weeks after it signed a Memorandum of Understanding with Greek shipowners to acquire 40 vessels, the Nigerian Shipowners Association (NISA) has revealed that its American counterparts are now ready to enter into the same agreement with Nigerians.
President of NISA, Captain Niyi Labinjo gave this hint during a press conference in Lagos yesterday.
He said with this, NISA is gearing up towards providing part of the 900 vessels required for offshore support services by the IOCs between year 2015 and 2020.

‎About two weeks after it signed a Memorandum of Understanding with Greek shipowners to acquire 40 vessels, the Nigerian Shipowners Association (NISA) has revealed that its American counterparts are now ready to enter into the same agreement with Nigerians.
President of NISA, Captain Niyi Labinjo gave this hint during a press conference in Lagos yesterday.
He said with this, NISA is gearing up towards providing part of the 900 vessels required for offshore support services by the IOCs between year 2015 and 2020.
The NISA President revealed that the Nigerian Content Development and Monitoring Board under its former Executive Secretary, Mr. Earnest Nwapa had served a notice to all foreign owned, crewed and registered vessels that their contracts will not be renewed on expiration.
The IOCs according to him are obliged to engage Nigerian vessels in line with the provisions of the Cabotage Act and the Nigerian Content Act.
Labinjo also explained that coming on the heels of the understanding it signed earlier with the Greek shipowners, some American ship owners have also developed interest and have made several offers to NISA.
He said that the arrangement for the vessel acquisition with the American shipowners is not limited to product tankers alone. According to him, they are to provide all classes of offshore support vessels, including anchor handling tugs, platform support vessels, utility vessels, crew boats and patrol boats.
"Our American friends have agreed to provide these under similar arrangement"
"The transaction is ongoing, as I speak to you now I have received several offers from the Americans which we are processing" he said.
Labinjo however said that acquiring vessels is not the ultimate rather than for government to provide an enabling environment for the vessels to operate and for them to have jobs.
"Give me one million ships without jobs I will refuse them, so also will my members, things are very slow now in the country, and you want to rush and bring in vessels‎?"
Labinjo however sent a Save Our Soul (SOS) to President Muhammadu Buhari to enforce the Cabotage Act and ensure that‎ the literage of the monthly N1.8billion litres of imported petroleum products are reserved exclusively for Nigerian shipowners.
The NISA President said that if this is done, N5.4billion will be generated monthly as earnings, while 500,000 unemployed Nigerian youths will be taken off the streets.
He lamented that, "Nigeria imports 1.8billion litres of petroleum products monthly, the mother vessels stay at Cotonou and Lome offshore and small tankers do the literage to bring the products to Nigerian ports. This operation does not require specialised vessels to do the literage"
"We have approached the government to say that if only Nigerian registered crewed and owned vessels are allowed to conduct the literage exclusively, 500, 000‎ Nigerians will be gainfully employed directly and indirectly"
"There will be monthly disposable income of N5.4billion saved from capital flight" he assured.
Labinjo said that the government had accepted the association's proposal and had directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to act accordingly. He said that this was what informed the NISA collaboration with the Greek, Turkish and American ship owners.
"Our bankers are strongly in support and the ships shall be acquired by the Nigeria shipowners after the bareboat charter period"‎ Labinjo assured.


Related Posts

Vessels Expected At Lagos Ports As At 2nd December, 2025

Vessels Expected At Lagos Ports As At 2nd December, 2025

December 2, 2025
Customs Intercepts Over $480,000, Other Foreign Currencies in Q3 2025

Customs Intercepts Over $480,000, Other Foreign Currencies in Q3 2025

November 10, 2025
$500 Million Spent Annually To Keep Piracy At Bay In The Gulf Of Guinea

Calls for Vigilance Due to Rise in Piracy and Robberies in 2025

October 27, 2025

NAGAFF Reports 2.7m Truck Movements, 65% Cost Reduction in Lagos Port Corridors

September 12, 2025

Discussion about this post

Latest News

Maritime Industry Eyes Better Efficiency, Digital Trade Gains as 10th Anniversary Media Seminar Holds December 17

Why Maritime Journalism Must Evolve: New Capacity Centre Offers Turning Point

December 15, 2025

Kano State Battles Ex-Governor Ganduje, Others Over Ownership Of Dala Inland Dry Port

Maritime Investigations Rise in 2025 as NSIB Investigates Over 10 Mishaps Incidents

Tompolo Hails Wike at Birthday, Describes FCT Minister as Courageous, Results-Driven Leader

OGFZA Says 10-Year Tax Exemption Key To Sustaining $24bn Free Zone Investments

Much Ado About Upgrading Maritime Academy of Nigeria   To University 

MONDAY INTERVIEW:  “The National Single Window will help simplify the process of clearance of goods in the port”— Mr. Clinton Okoro

More Reasons You Must Exercise

Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

15 Crew Members Evacuated From Listing Cargo Ship After Serious Leak In Malaysian Waters

WEEKLY GLOBAL MARINE INCIDENTS

Seafarers Push To Shape The Ships They Sail

kindly like our Facebook page

Health

Nigeria At Risk As Youth HIV Awareness Declines, Expert Warns
Health

Nigeria At Risk As Youth HIV Awareness Declines, Expert Warns

December 8, 2025

Dr Mcphalane Ejah, a public health advocate, has warned that Nigeria is “sitting on a keg of gunpowder” due to...

WHO Backs Wider Use Of Weight-Loss Medicines, Calling Obesity Chronic Disease

WHO Backs Wider Use Of Weight-Loss Medicines, Calling Obesity Chronic Disease

December 8, 2025
Physical Exercises Key To Mental Fitness, Balance Lifestyle – Experts

Facts About Your Body System You May Not Know 

December 1, 2025
Prostate Health Awareness Message Men Must Read

Prostate Health Awareness Message Men Must Read

December 1, 2025
Take A Lot Of Fluid To Assist Your Kidneys Function Well, Experts Urge

Take A Lot Of Fluid To Assist Your Kidneys Function Well, Experts Urge

November 24, 2025
Top Men’s Health Issues

Top Men’s Health Issues

November 24, 2025
All You Need To Know About Diabetes

Health Benefits Of Consuming Garden Egg

November 17, 2025
All You Need To Know About Diabetes

All You Need To Know About Diabetes

November 17, 2025
WHO Launches Campaign To Prevent Stem Rising Suicide In Africa

WHO Urges Swift Action To Curb Rising Diabetes Cases In Africa

November 17, 2025
Physical Exercises Key To Mental Fitness, Balance Lifestyle – Experts

Physical Exercises Key To Mental Fitness, Balance Lifestyle – Experts

November 10, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition