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Writer's pictureAgwe Global

Gulf of Guinea Focus Week 38


CMA CGM imposes port congestion surcharges on Benin,  Senegal
CMA CGM imposes port congestion surcharges on Benin, Senegal

CMA CGM has announced new port congestion surcharges from all ports globally to Cotonou in Benin Republic and Dakar in Senegal. The French carrier will implement a US$150/TEU surcharge on dry and reefer containers destined for the ports of Dakar and Cotonou. The new surcharges will be effective from 15 September and payment will be made on a per-freight basis, according to CMA CGM’s announcement. The Marseille-based company noted that for cargo from the United States, US territories, Colombia, Paraguay, Uruguay, Panama, Venezuela, Argentina and Ecuador, the surcharge will go into effect on October 5, 2023.


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Nigeria Secures $13 Billion In Investment Pledges from Big  Oil
Nigeria Secures $13 Billion In Investment Pledges from Big Oil

Nigeria has secured a total of $13 billion in investment commitments in its oil and gas sector from major international energy companies, including ExxonMobil, Shell, and TotalEnergies, according to Olu Verheijen, the Special Adviser on Energy to Nigeria’s President Bola Tinubu. Verheijen and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have recently met with representatives of 15 oil and gas companies operating in Nigeria and have secured their commitment to invest in Nigerian oil and gas, the adviser said in a statement sent to the Nairametrics outlet in Nigeria.


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JTF seizes eight vessels with stolen oil in Rivers
JTF seizes eight vessels with stolen oil in Rivers

The Joint Task Force (JTF), Operation Delta Safe has intercepted eight barges smuggling over 100,000 litres of adulterated diesel in Rivers. Commander of the JTF, Real Admiral Olusegun Ferreira, disclosed this while presenting the seized barges and petroleum product to newsmen in Bonny. He said the vessels containing adulterated diesel were impounded by security forces during a stop-andsearch operation across several creeks. Represented by OPDS Maritime Component Commander, Commodore Adedokun Siyanbade, Ferreira said the seizure was in-line with the task forces’ mandate to rid the Niger Delta of crude oil theft and criminality.


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NNPCL, NCDMB, IOCs to reduce oil production costs
NNPCL, NCDMB, IOCs to reduce oil production costs

The Nigerian National Petroleum Company and the Nigerian Content Development and Monitoring Board signed a Memorandum of Understanding with international oil companies to reduce contracting cycle in the sector to an optimal level of not more than 180 working days. All parties signed the MoU at the headquarters of the national oil firm in Abuja, according to a statement issued by the management of the company. An optimised contracting cycle was expected to improve the ease of doing business, reduce cost and drive efficiency, which would eventually translate to production growth, increased revenues, and ultimately improved profitability.


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Greece removes Nigeria from vessel charter party
Greece removes Nigeria from vessel charter party

ABOUT 30 per cent of shipping companies in Greece have removed Nigeria from their charter party, following complaints over hostile environment and alleged harsh treatment meted on crew members of vessels caught up in maritime security issues. Disclosing this during the Maritime and Offshore Awards (OMIS) at the weekend, the President of Maritime Security Providers Association of Nigeria (MASPAN), Emmanuel Maiguwa, said Greece, which holds about 70 per cent of global tonnage on vessel operations, has stopped its vessels from coming to Nigeria. Consequently, Grecian vessels with Nigerian-bound cargoes will stop in Togo or any other ports.


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