WAF Shipping Focus: Week 6
- Agwe Logistics Solutions
- Feb 13
- 4 min read
The Nigerian Ports Authority (NPA) and the Presidential Enabling Business Environment Council (PEBEC) have committed to a 7- day cargo dwell time target to improve trade and ease of doing business at the Lagos ports. This was made known during a recent three-‘day high-level stakeholder engagement in Lagos titled “Achieving a 7-Day Cargo Dwell Time,” The session, which brought together the Ports and Customs Efficiency Committee (PCEC) under the Business Environment Enhancement Programme Accelerator (BEEPA) framework and hosted by the NPA was geared towards streamlining port processes to bolster the ease of doing business. The engagement which held at the Lagos Port Complex (LPC) in Apapa, followed an extensive “shadowing” exercise where officials observed real-time vessel berthing and cargo clearance operations at both the Tincan Island and Lagos Port complexes. Speaking at the event, PEBEC Director General Zahrah Mustapha emphasized that the session was designed to move beyond identifying hurdles toward implementing long-overdue practical solutions.
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The governments of Equatorial Guinea and Cameroon have sealed a unitization and operating agreement to jointly develop the cross-border Yoyo-Yolanda gas fields in the Gulf of Guinea. The agreement was signed during an official ceremony at the People’s Palace in Malabo, presided over by Equatorial Guinea’s Vice President Teodoro Nguema Obiang Mangue. The deal formalises a bilateral treaty first concluded in March 2023 and provides the legal and commercial framework for joint extraction of natural gas from the offshore field, which straddles the maritime boundary between the two countries. The Yoyo-Yolanda fields, operated by Chevron through its affiliates Noble Energy Cameroon and Noble Energy Equatorial Guinea, are estimated to contain around 2.5 trillion cubic feet of natural gas. Chevron has reaffirmed its commitment to the project, describing it as central to its long-term LNG strategy in the region.
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The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Maritime Workers’ Union of Nigeria (MWUN) have joined forces to demand a review of the National Joint Industrial Council (NJIC) standards for seafarers. The call comes amid growing concerns that the expiration of the previous NJIC agreement has left Nigerian seafarers vulnerable to poor working conditions, arbitrary employment practices, and a significant lack of enforcement regarding labor standards. According to a statement signed by the MWUN Head of Media, Comrade John Kennedy Ikemefuna, the current vacuum in the NJIC framework is not just a procedural oversight but a growing crisis.
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Ports and Cargo Handling Services Limited, a subsidiary of SIFAX Group, has said its strategic decision of refocusing its business primarily on general cargo and break-bulk handling was responsible for its operational rebound in 2025. The improved performance follows a strategic repositioning of the terminal after a challenging 2024 where it lost some high-profile clients, which negatively affected the terminal’s cargo volumes and earnings. In response, the company refocused its operations on general cargo and break-bulk handling, a move that stabilised the business and unlocked a new growth trajectory. According to John Jenkins, Managing Director, Ports and Cargo Handling Services Limited, the restructuring of its stevedoring activities also played a major role in the recovery process.
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The Nigerian Maritime Administration and Safety Agency, NIMASA, has reiterated its commitment to strengthening Nigeria’s shipbuilding and shipyard development as part of efforts to deepen the blue economy and curb capital flight. This assurance was given at a stakeholders’ breakfast meeting organised by the Agency with the theme “Dissecting the Issues, Challenges, and Prospects in the Shipbuilding Segment – Discussing Funding Models, Incentives, and Policy Support for Shipyards Growth.” The event held at the Nigerian Maritime Resource Development Centre, NMRDC, Kirikiri, Lagos. Speaking as the Chairman of the occasion, the Executive Director, Operations, NIMASA, Engr. Fatai Taiye Adeyemi, noted that shipbuilding remains a capital-intensive, cyclical and technically demanding sector that requires deliberate policy and financial interventions to achieve sustainable growth.
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https://sweetcrudereports.com/nimasa-reiterates-commitment-to-shipbuilding-and-shipyard-development/
Flosell Limited has initiated discussions with the Ministry of Fisheries and Aquaculture Development to develop large-scale marine fish farming. The ministry announced, February 9, that the initiative would constitute Ghana’s first commercial marine aquaculture operation. The company plans to farm fish in marine waters using floating circular cages and hatcheries. Company officials said they are implementing the initiative in collaboration with Norwegian partners who provide global expertise and proven technologies in the sector. The company has not disclosed the investment cost. However, developers will begin site installation in the second quarter of 2026 and expect the first harvest in the fourth quarter of 2027. The first phase will cover 10 marine concessions, starting in Prampram in the Greater Accra Region.
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