Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Environment
    • Community Development
    • Renewable Energy
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » NPA auctions dry dock, winds up agreement with Continental shipyard

    NPA auctions dry dock, winds up agreement with Continental shipyard

    June 24, 2020
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Floating dry dock

    Vincent Toritseju

    Lagos — The Management of the Nigerian Ports Authority, NPA, has put up its floating dry dock for auction and scrapping, a development which has made the Nigerian Maritime Administration and Safety Agency, NIMASA, to enter into a partnership with the Authority to manage NIMASA’s floating dock.

    Speaking, the Managing Director of the NPA, Hadiz Bala Usman, said that it was going into the partnership with NIMASA, adding, however, that it must first wind up its agreement with its technical partners, Continental Shipyard Limited, CSL, over the dry dock.

    Usman said that NPA’s agreement with CSL expired in 2018 noting that it was in the process of winding up its agreement with the partners.

    She explained that its floating dock has been abandoned and balkanized over the years and as such the floating dock cannot be salvaged.

    Usman stated: “We have a partnership with Continental Shipyard Limited (CSL) that expired in 2008; that partnership was why the floating dock was domiciled in CSL.

    “The floating duck has been balkanized and has been abandoned over the years and we have commissioned an agent to come and do a conditional survey

    “The report of the agent indicates that the floating duck cannot be salvaged, so we are working towards a process of auctioning what is left of that balkanized floating duck.

    “Nevertheless, we recognize that duck yard operations are key for the maritime sector to grow and I will like to call on stakeholders to come in and design what need to be done for the Nigerian nation to explore and gain the benefits of dry-ducking vessels calls at the Nigerian ports.

    NPA commissions solar-powered street lights for Rivers community

    “On our side we are giving the necessary waivers on vessels that are going for dry duck and that has increased the utilization of duck yards in Nigeria.

    “If all vessels calling in Nigeria are mandated to dry ducking it will tremendously change the landscape of the maritime domain”.

    On NPA’s proposed partnership with NIMASA, Usman said that both organizations were looking at the available options.

    She said for NPA to partner with NIMASA, the Authority has to exit its agreement with Continental Shipyard adding that the agency was in the process of winding down that agreement and putting in place all the necessary mechanism to officially exit that joint venture before concluding the partnership with NIMASA.

    Confirming the arrangement the Director General of NIMASA, Dr. Bashir Jamoh, said that arrangements have been concluded with the NPA to relocate its floating dry dock to the Continental Shipyard for proper use of the facility.

    Jamoh also disclosed that it has gone into a Memorandum of Understanding with operators in the Oil and Gas sector on the repairs and dry-docking of their vessels in Nigeria.

    He also said the agency intend to engage a managing partner to profitable running of the floating dock adding that the management of the asset will be on Public-Private-Partnership, PPP, basis.

    Follow us on twitter

    Related News

    Nigeria’s ex-oil minister Alison-Madueke cleared of all charges in UK corruption trial

    Navy uncovers hidden 17,000-litre crude oil theft hub in Delta

    Cooking gas prices could drop below ₦1,100/kg if reforms succeed

    E-book
    Resilience Exhibition

    Latest News

    Nigeria advances electric mobility standards as stakeholders unite behind national framework

    June 17, 2026

    Nigeria’s ex-oil minister Alison-Madueke cleared of all charges in UK corruption trial

    June 17, 2026

    Navy uncovers hidden 17,000-litre crude oil theft hub in Delta

    June 17, 2026

    Heirs Energies launches green corridor project to boost climate resilience in Rivers

    June 17, 2026

    Cooking gas prices could drop below ₦1,100/kg if reforms succeed

    June 17, 2026
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2026 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.