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Volume 6, Issue 119
30th March 2020.

OUR VISION

To deliver exemplary transshipment operations, procurement and charter services- on time, on budget- according to global safety and quality standards. `  

NEWS WITHIN OUR SHORES

SAN says shipping, port operations vital to containing COVID-19 pandemic

The Shipping Association of Nigeria (SAN) has added its voice to calls made by other maritime industry stakeholders on the need for the Federal Government to keep essential services, including the seaports and cargo operations going during the prevailing COVID-19 pandemic crisis.

SAN Chairman, Mr. Val Usifoh, said in a statement in Lagos weekend that the association is concerned about the implications of shutting down the ports and/or not allowing ships to berth and operate. 

He said, “If cargo inflow is halted in any way, this will have immediate repercussions on the country’s provision of basic items and necessary input for the few industries still surviving, including small and medium scale enterprises.

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NNPC, 31 oil firms mobilise $30m coronavirus fund 

The Nigerian National Petroleum Corporation (NNPC) and 31 upstream oil and gas industry companies on Friday announced a $30 million (N11.4 billion) intervention fund to combat coronavirus in Nigeria.

The Group Managing Director of the NNPC, Mele Kyari, who announced this in Abuja, said the Fund is in response to a national emergency.

Kyari said the fund is an industry-wide collaborative intervention to combat the pandemic and its impact on Nigeria.

He said the intervention, which aligns with the ongoing federal government effort to support the country’s national healthcare delivery facilities to cope with the onslaught of the virus, involves partners under the umbrella of Upstream Oil & Gas Industry Intervention Initiative on COVID-19.

Under the arrangement, the NNPC chief said the fund would be deployed to meet three important emergencies. They include provision of medical consumables, deployment of logistics and in-patient support systems and delivery of medical infrastructure.

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Abule Ado explosion: Haastrup seeks relocation of Apapa tank farms

The Chairman, Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, has asked the Federal Government to create plan for the relocation of petroleum depots, otherwise called tank farms, from Apapa. 

Speaking against the backdrop of the March 15 explosion at Abule Ado, Lagos State, which claimed 23 lives and displaced more than 500 people from their homes; Haastrup urged the Federal Government to take urgent steps to avoid a repeat of the catastrophe by moving tank farms away from residential and crowded areas. 

 

Buhari orders restriction of movement in Abuja, Lagos for 14 days

President Muhammadu Buhari has ordered the restriction of movements in Nigeria’s capital city Abuja and Lagos, which are the hardest hit by a coronavirus in the country.

“Based on the advice of the Federal Ministry of Health and the NCDC, I am directing the cessation of all movements in Lagos and the FCT for an initial period of 14 days with effect from 11 pm on Monday, 30th March 2020.

“This restriction will also apply to Ogun State due to its close proximity to Lagos and the high traffic between the two States,” Buhari said in a national address on Sunday evening.

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FOREIGN WATCH

Spain announces record 838 virus deaths in 24 hours

Spain confirmed another 838 deaths in 24 hours from coronavirus on Sunday, a new daily record bringing the total number of deaths to 6,528, according to health ministry figures.

The number of confirmed cases in Spain has now reached 78,797 — after the one-day increase of 9.1 percent — as the country battles the world’s second most deadly outbreak after Italy.

Except for a brief lull recorded on Thursday, Spain’s death toll has been rising daily.

However, officials have pointed to a slower growth rate for both deaths and confirmed cases and expressed hope that the peak of the outbreak was approaching.

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US ports outlook changes to negative

A key economic outlook for the US ports sector has been revised to negative from stable due to weakened demand and persistent supply chain risk as a result of the coronavirus (COVID-19) pandemic.

Moody’s Investors Service said that its changed outlook “reflects our view that both global and US demand will suffer more than previously expected as a result of economic disruption caused by the coronavirus”.

Twenty-foot equivalent unit (TEU) throughput is Moody’s key indicator for the sector and the business said it expects “the combined effect of China’s extended Lunar New Year holiday, mandated factory closures and domestic travel restrictions will cause a 15%-20% decline in TEU throughput at US ports in the first quarter of 2020”.

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