The Nigerian National Petroleum Corporation (NNPC), the state oil corporation of Nigeria, is considering starting a subsidiary to provide refuelling services to ships and other ocean-going vessels as part of efforts to consolidate its foothold on the shipping business in Nigeria and boost profitability.
The Group General Manager of NNPC Shipping, Aisha Katagum, made the disclosure in an interview published in the August edition of NNPC News – the organisation’s in-house journal.
“Actually, the NNPC Group Managing Director (GMD) is also very keen on that. He has directed the Corporate Planning & Strategy (CP&S) Division to come up with a business model for us to see how it could operate,” said a NNPC spokesperson on Wednesday.
Katagum noted the bunkering subsidiary will most likely be an incorporated company domiciled in the NNPC Shipping Division.
“I’m sure it’s going to be a big business because we have so many vessels that come into the West African Coast,” she says.
“This year alone, over 120 vessels have brought imports for us.”
Photo credit: Nigerian National Petroleum Corporation
Published: 30 August, 2018
Directors of the company said there was support from a number of lenders to appoint joint provisional liquidators for debt restructuring to repay loan principal and interest.
Bunkering operations will commence on 1 October where MGO will be supplied to vessels calling at Muara Port with BSM’s own bunker barge MT Star 1.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
‘The initiatives in the industry are many and it´s a challenge to know which technology or solution will, in the end, prevail,’ explains CEO Carl-Johan Hagman.
Vessel will be supported by proposed charging infrastructure and equipped with battery packs which could be swapped for charging during ops.
Senior Associate at Clyde & Co offers guidance to protect shipowners and bunker tanker operators in the event opposing counterparty breaches Covid-19 protocols, resulting in Covid-19 transmission.
‘We’ll start the application [to MPA] before the end of 2022 and hopefully to receive approval within six months or sooner,’ L. Y. Hwang, Director / General Manager of Oval Asia Pacific Pte Ltd, tells Manifold Times.
Digitalisation makes it easier for shipowners to conform to growing external regulations such as new sulphur regulations and ‘no scrubber’ zones; operators can identify better bunkering options to reduce costs.
Eventual adoption of Digital Bunker Document Standard speeds up interoperability between stakeholders from both public and private sectors, learns Singapore bunkering publication Manifold Times.
Rob Ashton, Market Manager of Infineum, explains how Infineum B402 is a relatively easy way for a ship operator to positively influence a vessel’s CII rating while improving its bunker fuel consumption performance.
Fifteen incidents of misappropriation of Shell gasoil worth USD 10,4 million went undetected by Shell between 2016 to 2017 due to Muhammad Ali Bin Muhammad Nor’s involvement, learned Manifold Times.
ISO delegates represented seven countries and were in Singapore to attend a three-day meeting of ISO WG13 to develop two new ISO bunkering standards, learns Singapore bunkering publication Manifold Times.
