• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Ship-owners should tap opportunities in oil, gas industry, Iheanacho urges

Shipowners

The Matters Press by The Matters Press
July 1, 2023
Reading Time: 2 mins read
0
Council seeks incentives to boost indigenous ship operations

Lagos, July 1, 2023: Mr Emmanuel Iheanacho, Chairman of Integrated Oil and Gas Company, says there is need for Nigerian ship owners to develop their shipping capabilities and maximize opportunities in the industry.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

Iheanacho said on Friday in Lagos that there was need for modular refinery establishment to enhance the oil and gas sector and help to meet the domestic fuel demands for smooth transportation and other business operations.

Iheanacho suggested that they should focus more on tanker trade rather than operating liner services.

According to him, tanker trade is a comparatively simpler business as it involves carrying a single cargo with one Bill of Lading.

The liner services require managing thousands of containers, each containing numerous small goods, which can be more administratively complex.

“All you have to do, is to be able to take the ship to a port, stop the ship there, load the sip and sail the ship out of the port and then to another port.

“So, it is not as difficult. For instance, if you were operating a liner service, it requires you to carry thousands of containers and in each has thousands of small goods.

“And you have the administrative requirement to be able to sort all of those things out. Make sure that you go to the port at the right time, and you deliver to the person who owns the cargo, at the right time.

“There is really a lot that we could have done to harvest and to develop our shipping potentials, which can still be done,” he said.

Regarding human capacity development in Nigeria’s maritime industry, Iheanacho commended the Maritime Academy of Nigeria in Oron, Akwa Ibom, for providing high-quality training to cadets.

He suggested that the output of the academy should be linked to national capacity, emphasising the importance of ship ownership.

Iheanacho also discussed the missed opportunities in the shipping industry, stating that Nigerian ship owners should have been more actively involved in the carriage of Nigeria’s trade goods.

By participating in this business, they could have gained not only financial benefits but also engineering and technical skills.

He mentioned the need for standards and linkages between Nigerian registered tankers, Nigerian crude tankers, and cargo transportation processes to maximize these opportunities.

In response to a proposed merger of the Nigeria Customs Service, the Nigerian Maritime Administration and Safety Agency (NIMASA), and the Federal Inland Revenue Service (FIRS), Iheanacho expressed his scepticism.

Tags: Ships
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
World Bank hits Nigeria on fuel subsidies, taxes on sinful goods

Ochanja market traders protest ejection in Anambra

Kano Local governments propose N229bn for 2022

Rivers' N200bn supplementary budget scales first reading

Recommended Stories

Vulnerable Nigerian farmers to get $1m grant

Nigeria’s agricultural innovations excite ARCN, FMARD

February 19, 2022
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

America’s Banga sole candidate as World Bank President

April 1, 2023
Rubber association seeks support of LASG for enhanced growth

Nigeria inaugurates technical to resuscitate rubber, tyre industry

September 16, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us