235 vessels built in Nigeria for local content operation

 

Vessels

The 2016 third quarter Vessel Categorisation Report of the Nigerian Content Development and Monitoring Board (NCDMB) indicates that about 235 vessels operating in the oil and gas industry were built in the country.

NCDMB Executive Secretary, Simbi Wabote, while speaking in Lagos yesterday, said the development was a marked improvement on what was obtained in 2010.

According to him 2,258 vessels are currently operating in Nigerian oil and gas industry and that 848 of the vessels were Nigerian-owned, representing 37.56 per cent.

He said over 90 per cent of the expenditure of maritime segment of the oil and gas industry was lost to foreign economies in 2010.

Wabote said many indigenous ship owners were motivated by these policies to construct new vessels, judging from growth of indigenous-owned marine vessels in the oil and gas industry since 2010.

The executive secretary

He said NCDMB had set a target to place at least 60 per cent of marine assets operations in the hands of Nigerians by 2015.

Wabote said that the Board also conceived Marine Vessel Strategy in 2011 to encourage the construction and dry docking of vessels in Nigerian yards and to promote ownership of marine vessels by Nigerian entities.

He said that the Board had also stimulated flagging and registration of vessels in Nigeria, deepened Nigerian manning of marine vessels and maximised the use of Nigerians.

“The Board has also deepened Nigeria manning of marine vessels and maximised the use of Nigerian service providers for legal, insurance, catering, inspection and certification for transaction and utilisation of vessels.

“The Board has also deployed marine Vessel Categorisation programme as the key tool of the strategy, using indices as ownership of site of construction among others,” he said, adding hat the implication had ensured that “vessels owned by Nigerians and built in Nigeria get priority opportunity for engagement by industry operators”.

Wabote, however, said that reports were issued periodically and they formed the basis for pre-qualification of marine service vendors in the industry.



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