Nigeria is one of the largest countries in Africa with a coastline spanning about 1,000 km, with over 10,000 km of nationwide interlocked rivers, creeks, lagoons and lakes that extends to Cameroon and Benin Republic. This attracts significant maritime activities including commercial port business that makes up 68% of total maritime trade in West Africa.
With an increasing annual import tonnage of over 150 million, including over 12 billion liters of refined petroleum products market demand, the Nigerian maritime industry offers tremendous investment opportunities in several areas including deep sea port and its ancillary services such as acquisition of dry cargo ships, tanker vessels, small vessels, shipyard and ship building facilities.
The maritime industry occupies a very prominent position in the economy of nations all over the world. The industry in its strict sense embraces all the maritime related business activities that take place within the country’s maritime environment.
These include offshore and on-shore economic activities such as; maritime transport (shipping), ship construction, repairs and maintenance activities. Of all these activities, shipping stands out as the greatest boost to a nation’s economic growth and development. This is so because all other maritime activities revolve around shipping.
Most of cargo operations take place between a ship and a land-based terminal. Nevertheless, it sometimes can be useful to transfer cargo from one ship to another in the open sea and this is called a ship-to-ship (STS) operation. One vessel will act as the terminal whilst the other one will moor. The receiving ship is called the daughter vessel and the delivering vessel is called STBL (Ship to be lightered) or Mother vessel.
Cargoes typically transferred via STS methods include crude oil, liquefied gas (LPG or LNG), bulk cargo, and petroleum products.
At Dreg Waters, we assist companies in the transportation of Petroleum products within Nigerian waters. we offer high quality logistics services and ensures the efficient & seamless transportation of these products within the Nigeria coastline. Contact us for further details, and excellent service delivery.