NISA laments dominance of foreign vessels in Nigerian registry

March 28th, 2018

Worried that majority of the over 4,000 vessels listed in the Nigerian Ship Registry is foreign-owned and fuels the false claim that the sector is doing well, the Nigerian Shipowners Association (NISA) has asked the Nigerian Maritime Administration and Safety Agency (NIMASA) to disclose their identities and status.

A�A�A�The dominance of the foreign vessels means that the sector cannot be rightly said to be doing well, the NISA Publicity Secretary, Mr. Emmanuel Ilori, said in Lagos. He noted that the absence of data on the real status of the vessels makes planning difficult.

A�A�A�According to him, a�?NIMASA has said that Nigeria has over 4,000 ships on the Nigerian registry since it started, but we do not know their status and without such data, it would be difficult for us to plan.

A�A�A�a�?So, we cannot be deceiving ourselves that the sector is doing very well, the sector is dominated by foreigners. The performance of the industry is nothing to write home about, but we are sure that we are taking the right steps to restructure the sector.a�?

A�A�A�He added: a�?If you go round the creeks, there are brand new ships, some of them barely five years old, but there is no job for them. Some of them are marooned on the coast; accessing the waterways is a big challenge and some of them run into wrecks.a�?

A�A�A�Ilori decried the Federal Governmenta��s lack of commitment to changing the countrya��s trade terms for lifting crude oil from Free On Board (FOB) to Cost Insurance and Freight (CIF) as recently indicated, adding that it would further motivate Nigerians to put their vessels on the Nigerian waters.

A�A�A�a�?When we change to CIB, it will change the perspective and commitment to put money on acquiring Nigerian ships.a�?

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