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OUR VISION
To deliver exemplary transshipment operations, procurement and charter services "on time" and "on budget" according to global safety and quality standards.
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Nigeria loses $1bn yearly to oil theft, pipeline vandalism- ATOGMAN
By: Sun Newspaper
Association of Tank Farm Oil and Gas Marketers of Nigeria (ATOGMAN), has claimed that Nigeria loses $1 billion annually to oil bunkering, theft and pipeline vandalism.
ATOGMAN’s National Chairman, Lawrence Kanu, stated this yesterday in a statement, commiserating with the Management and Staff of Matrix Energy Limited on the explosion of the tank farm last week at Ifiekpo Community, Delta State.
According to eyewitnesses, the fire started during the loading process of petroleum at the tank farm at Ifiekporo, Ugbuwangue, and parts of Edjeba communities in Warri.
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Bayelsa youths shut down 30,000 bpd oil facility
By: Marine & Petroleum
Tension on Friday gripped Koluama community in Southern Ijaw Local Government Area following the invasion and forceful shutdown of the 30,000 barrels per day Ango 2 field oil facility owned by Conoil by angry youths of the community.
The youths were said to have been irked by the refusal of the oil company to implement the Memorandum of Understanding it signed with the host communities.
According to investigation, the security personnel guarding the facility were caught unawares as aggrieved indigenes, including women, youths, and elders, invaded the platform with placards with inscription such as “No MoU, No Crude oil exploration”, Conoil pack, and go, we are tired of suffering” and “Koluama people are suffering”, demanding the shutdown of operations at the facility.
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US Congress to discuss first stand-alone legislation to zero out shipping pollution
By: Ships & Ports
Clean Shipping Act of 2022, the first stand-alone legislation to zero out pollution from all ocean shipping companies that do business with the United States, has been introduced to the US Congress.
The bill was introduced by congressman Alan Lowenthal, who represents the Port of Long Beach, and co-sponsor congresswoman Nanette Barragán on 12 July.
Clean Shipping Act of 2022, modelled off of the European Union’s Fit for 55 regulatory framework for shipping, aims to clean up the shipping industry, protect the health of port communities, address environmental injustice and provide solutions to the climate crisis.
It is expected that if both the US and the EU act together to regulate ship pollution together and in alignment, over one-third of all global ships would be covered under a unified regulatory regime.
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Israel sells Haifa Port to India’s Adani Ports, Israel’s Gadot for $1.2bn
By: The Guardian Newspaper
Israel said on Thursday it will sell Haifa Port, a major trade hub on its Mediterranean coast, to winning bidders Adani Ports (APSE.NS) of India and local chemicals and logistics group Gadot for 4.1 billion shekels ($1.18 billion). Gadot and Adani made it to the end of a two-year tender process that Israel hopes will lower import prices and help shorten notoriously long wait times at Israeli harbors.
“The privatization of the port of Haifa will increase competition at the ports and lower the cost of living,” said Finance Minister Avigdor Lieberman. Adani will have a majority 70% stake and Gadot will hold the remaining 30%, according to an industry official. Neither company was reachable for immediate comment. Adani Ports, which has said it is the largest transport utility in India, is targeting expansion and seeks to become the premier global port group, the company’s chief executive Karan Adani, told an earnings call in May.
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