U.S. Navy Awards NASSCO $6.7Bn Contract for John Lewis-Class Fleet Replenishment Oilers

NASSCO has secured a significant contract from the U.S. Navy for the construction of up to eight additional John Lewis-class fleet replenishment oilers. The deal, potentially worth over $6.7 billion, marks a major expansion of the Navy’s oiler fleet and solidifies NASSCO’s position as a key naval shipbuilding contractor. The contract commences with a $780 […]

NIMASA, Bank of Industry Collaborate to Fastrack CVFF Disbursement

In its quest to enhance capacity building in the Nigerian maritime sector, the management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has initiated discussions with the management of the Bank of Industry (BoI) on potential partnerships. The discussions centre more on the disbursement of the Cabotage Vessel Finance Fund (CVFF) and other areas. […]

FG Charged to Develop Interest in Transport Sector for Economic Growth

The Federal Government of Nigeria has been charged to develop interest in the different modes of transportation as they are the moving force behind every economy. Speaking at a Roundtable Discussion at the International Maritime Press Center of the Maritime Reporters Association of Nigeria (MARAN) on Tuesday, frontline transport analyst and planner, Dr. Segun Musa, […]

Transport Expert Raises Concerns Over Vessel Financing Fund, Says It’s Spent As They Earn It

A new twist has been introduced to why the much talked about disbursement of Cabotage Vessel Financing Fund (CVFF) has remained a promise not fulfilled by successive administrations. According to a prominent transport analyst and President, Global Transport Policy, Dr. Segun Musa, the Fund is not there but being utilized by the government as they […]