Stakeholders Query Ports Task Force Over N5.4bn Demurrage Claim Maritime stakeholders have faulted the claims by the Ports Standing Task Team that its operations saved visiting ships N5.4bn they could have paid as demurrages in one year in one year. The National Coordinator of the PSTT, Moses...

AfCFTA: Maritime Stakeholders Worry Over Vessel Import Tax, Competition Many stakeholders in the Nigerian maritime industry are worried about the import tax imposed on new vessels. They say this may put them at a competitive disadvantage among other African countries in a free market. A former...

Maritime Stakeholders Urge FG To Abolish Tax On Full Duty For Ship Acquisition Stakeholders in the nation’s maritime sector have called on the federal government to abolish the tax on full duty paid equipment, stressing that the policy was undermining local operators and favours foreign...

Maximise The Potentials Of Eastern Ports, Maritime Stakeholders Urge FG   Stakeholders in the maritime sector of the nation’s economy have urged the federal government to embark on the development of the eastern ports and maxixmise their potential. Speaking at a stakeholders’ meeting organised by the Nigerian...

Maritime Stakeholders Urge FG To Commence Disbursement Of $124m CVFF   Stakeholders in the maritime and shipping sector of the nation’s economy have called on the federal government to commence the disbursement of the $124 million (N45.26 billion) Cabotage Vessel Financing Fund (CVFF), in line with...

Importers To Spend N21.6bn Yearly On Palletisation Maritime sector stakeholders have expressed concerns over the federal government’s policy on cargo palletisation, noting that it will cost Nigerian importers about $60million (N21.6 billion) annually. The stakeholders were also unanimous in their resolution that the controversial policy will...