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November 28, 2022                                                       
 ISSUE 250

NEWS WITHIN OUR SHORES

Fuel Scarcity: Shortage of vessels delay turnaround time
By: Sun Newspaper

As current fuel scarcity continues to bite harder, shortage of daughter vessels to evacuate Premium Motor Spirit ( PMS), popularly called petrol from mother vessels on the high sea appears to be worsening supply crisis, Daily Sun has learnt.

South West Chairman of the independent Petroleum Marketers Association of Nigeria (IPMAN), Mr. Tajudeen Adigun, in a telephone interview with Daily Sun, yesterday said the shortage of daughter vessels was adversely affecting the turnaround time of petrol evacuation.

Adigun explained that due to the shortage of the daughter vessels, it now takes about one week for such vessel to make a trip, thus compounding the challenges around petroleum distribution and evacuation.


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FG to lift suspension on Nigerdock’s terminal operations
By: Tosin Aribisala

The Federal Government has expressed its readiness to lift the suspension order on Nigerdock’s terminal operations following its willingness to abide by the rules and its contributions to the growth of the national economy. 

The Minister of Transportation, Mu’azu Jaji Sambo, stated this recently when he visited the facility in Lagos in the company of the Minister of State for Transportation, Ademola Adegoroye and some staff of the ministry.

Addressing the Chief Executive Officer, Nigerdock, Maher Jarmakani and other officials of the company, the Minister said, “What led to your suspension was that I received complaints from terminal operators, saying that you are not on the same level with them in the sense that they pay more to the government than you do. You’re likely to attract freight at much lower cost to the detriment their of businesses,”


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OUR VISION

To deliver exemplary transshipment operations, procurement and charter services "on time" and "on budget" according to global safety and quality standards.

Why petrol shortage worsens in Lagos, Ogun, others
By: Vanguard Newspaper

There were indications, weekend, that the prolonged petrol shortage in Lagos, Ogun and environs is worsened by illegal practices, especially arbitrary pricing and diversion, to unauthorised locations.

Checks by Vanguard showed that some independent oil marketers, who complained about the high cost of lifting the product at depots, have devised means of taking the product to wherever they can get higher returns, instead of filling stations.

Vanguard gathered that due to the shortage and the high demand for the product, some companies and other corporate users are willing to pay more, compelling diversion by some marketers.


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Kitack Lim commissions new NIMASA headquarters
By: Ships & Ports

The Secretary General of the International Maritime Organisation (IMO), Kitack Lim on Tuesday commissioned the ultra-modern headquarters of the Nigerian Maritime Administration and Safety Agency (NIMASA) in Victoria Island, Lagos.

Speaking during the commissioning of the building, the IMO Secretary General said, “An important element is human competency and capability, with leadership being the most paramount to consider, which I have seen exhibited by the Minister (of Transportation).

“He is an extraordinary and rare leader. I am very confident to look forward to more prosperous opportunities and development of maritime activities of Nigeria.


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FOREIGN WATCH

Maersk wants 25% of cargo transported with green fuels by 2030
By: Ships & Ports

Danish container shipping major Maersk has set ambitious 2030 targets as part of its 2040 decarbonisation strategy that includes having at least a quarter of its ocean cargo transported with green fuels.

“Nobody can predict the future, and there is still a lot of uncertainty. In the next 18 years, new technologies and opportunities will emerge. We don’t have a detailed chart between 2040 and now that outlines every step. But, we know what the next steps will be ahead. What we do have is ambitious 2030 targets and a roadmap to get there,” Executive Vice President Henriette Hallberg Thygesen said during Maersk’s ESG Day presentation held on Tuesday.

The roadmap will drive the company’s investments moving forward, and technology pathways for the company’s ocean transport branch have already been selected. Namely, the company aims to cut its emission intensity in the ocean space by 50% when compared to the 2020 baseline. This includes having at least 25 percent of ocean cargo transported with green fuels.

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China ports handle 245m TEUs in 10 months 
By:  Ships & Ports
The container throughput of Chinese ports reached 244.9 million TEUs from January to October 2022, which represents a year-on-year increase of 4%.
Chinese ports have also seen a slight year-on-year growth of 0.5% in terms of tons, handling 12,933.8 million tons in the first ten months of the year.
The three ports with the highest container throughput are Shanghai port with 39,080,000 TEUs, Ningbo & Zhoushan port with 28,890,000 TEUs and Shenzhen port with 24,180,000 TEUs.

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