Headlines
Why Kenya has been preferred candidate for IMO category C ahead of Nigeria
Kenya Shipyards Ltd (KSL) has the capacity to handle vessels of more than 4,000 tonnes and 150 metres and will boost the East African country’s status as a maritime hub.
The new facility has the longest slipway, a platform on which ships are secured and winched out of the water into a working area for construction, repair, refitting and maintenance.
The modern shipyard has two ship-building hangers, one 150 metres long and 30 metres high and a smaller one 120 metres long, 20 metres high and 13 metres wide.
President Uhuru Kenyatta officially opened the facility as Kenya eyes the lucrative shipbuilding and repair business.
Certified ship welders
“In the project, Kenya, which owns about 17 military ships, seeks to save $6,800 million per vessel in maintenance fees every 10 years considering that since independence, all Kenyan ships have been serviced and maintained overseas, either in Spain or Netherlands.
KSL is the anchor industry for the blue economy and will provide civil and modular infrastructure workshops, slipways, jetties, bridges and others required to support the maritime industry.
Kenya has already formed a full department on the national blue economy, which will require specialised vessels such as deep-sea fishing in the exclusive economic zone, where vast untapped marine fisheries resources are found.
Securing Kenya’s marine assets requires well-equipped vessels and KSL will play a key role in offering technical support.
The country built its first vessel – the MV Uhuru II – at the Kisumu port more than 70 years ago.
The global market for ship construction, estimated at $126 billion in 2020, is dominated by South Korea (40 per cent), China (25 per cent) and Japan (15 per cent).
This means that Kenya will for the first time have the chance to access $ 5.6 trillion of the trade that takes place in this region of Africa by ensuring ships pass through Kenya to undergo repair and maintenance.
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Headlines
NIMASA secures support of Bank of Industry for enhanced capacity building in maritime industry
The Nigerian Maritime Administration and Safety Agency (NIMASA) has broker a partnership with the Bank of Industry (BOI) to enhance its capacity building effort in the maritime industry.
The Director General of NIMASA, Dr. Dayo Mobereola, represented by the Executive Director of Maritime Labour and Cabotage Services, Mr. Jibril Abba, made this disclosure during a visit by the Management of the Bank of Industry, led by Executive Director of Large Enterprises, Mrs. Ifeoma Uz’Okpala.
“The aim is to actualize the vision of the Federal Government to reposition the maritime sector, especially with the creation of the Ministry of Marine and Blue Economy”, he said.
On her part, the Executive Director of Large Enterprises at BOI, Mrs. Uz’Okpala, affirmed the Bank’s readiness to support NIMASA.
Bank of Industry Limited is Nigeria’s oldest and largest Development Finance Institution (DFI) currently in operation.
It is owned by the Ministry of Finance Incorporated (MOFI) Nigeria (94.80%), the Central Bank of Nigeria (CBN) (5.19%) and private shareholders (0.01%)
Headlines
NIMASA secures support of Bank of Industry for enhanced capacity building in maritime industry
The Nigerian Maritime Administration and Safety Agency (NIMASA) has broker a partnership with the Bank of Industry (BOI) to enhance its capacity building effort in the maritime industry.
The Director General of NIMASA, Dr. Dayo Mobereola, represented by the Executive Director of Maritime Labour and Cabotage Services, Mr. Jibril Abba, made this disclosure during a visit by the Management of the Bank of Industry, led by Executive Director of Large Enterprises, Mrs. Ifeoma Uz’Okpala.
“The aim is to actualize the vision of the Federal Government to reposition the maritime sector, especially with the creation of the Ministry of Marine and Blue Economy”, he said.
On her part, the Executive Director of Large Enterprises at BOI, Mrs. Uz’Okpala, affirmed the Bank’s readiness to support NIMASA.
Bank of Industry Limited is Nigeria’s oldest and largest Development Finance Institution (DFI) currently in operation.
It is owned by the Ministry of Finance Incorporated (MOFI) Nigeria (94.80%), the Central Bank of Nigeria (CBN) (5.19%) and private shareholders (0.01%).
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