Posts Tagged ‘Maritime Sector’

Entrepreneurial opportunities in Nigerian maritime sector

by Ikokwu Ikembaon February 4, 2020
It is evidently manifest, and rightly so, that the nation’s maritime sector has become a notable contributor to efforts at poverty reduction, creation of wealth, promotion of skills acquisition and encouragement of entrepreneurship. Also, it has been proven, beyond doubt, that the maritime sector has the potential of contributing at least 10 percent of Nigeria’s […]

Senate kicks over $195m contract to Israeli firm to control Nigeria’s waterways

by Ikokwu Ikembaon December 4, 2019
Members of the Senate Committees on Navy, Marine Transport and Finance on Tuesday faulted the control of Nigeria’s waterways by an Israeli firm, Systems and Technology Limited. The contract was signed with the Israeli firm in 2017. It is worth $195.3 million. The involvement of the Israeli firm in securing the Anchorage Area of the […]

Lagos waters record highest piracy attacks in 2019 Q3 ~ IMB

by Ikokwu Ikembaon October 24, 2019
first nine months of 2018, 119 incidents of piracy and armed robbery against ships have been reported to the IMB Piracy Reporting Centre (IMB PRC) in 2019, compared to 156 incidents for the same period in 2018. Overall, the 2019 incidents include 95 vessels boarded, 10 vessels fired upon, 10 attempted attacks, and four vessels […]

Woes of maritime sector; As Operators, Stakeholders count loss

by Ikokwu Ikembaon January 2, 2019
As 2018 maritime year came to an end, sector stakeholders and operators have indicated that regulatory and operational environment worsened during the year gone by. They highlighted the difficult operational environment leading to the loss of revenue and man-hours, occasioned by worse level of congestion at the ports in Lagos, leading to frustration by importers […]