Nigeria Loses $9bn To Foreign Shipowners Over Affreightment …C0NTINUE READING HERE >>>
Nigeria has lost a staggering $9 billion annually due to the absence of functional ocean-going vessels for affreightment, particularly for crude oil, LEADERSHIP can report.
LEADERSHIP has learned that Nigeria loses out to foreign shipowners who transport crude oil and engage in Ship-to-Ship (STS) transfers, disadvantaging indigenous ship operators in the nation’s coastal waters.
Maritime experts argue that for decades, Nigeria has not benefitted from the carriage of its cargoes,…
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