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05 December 2008 The on-line newspaper devoted to the world of transports 01:31 GMT+1



June 26, 2006

Indigenous ship owners lose over N560b crude affreightment for lack of vessels

By Godfrey Bivbere

Indigenous shipping operators in the country are missing out of the opportunity of benefitting from an estimated N560 billion accruable from crude oil affreightment because they do not have large vessels and lack the capacity to partake in the business, Director General of the National Maritime Authority (NMA), Engr. Festus Ugwu, has said ......
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