Nigeria ISTI's Convention to address exports impediments

Nigeria’s first International Sea Trade and Investment Convention is set to identify and address impediments to export trade restrictions, facilities and regulations within the maritime sector.

The Convention with the theme “Exploring New Trade Frontiers” will hold in Lagos between October 5 and 6, 2015. Also, the convention is aimed at identifying impediments to export trade restrictions, facilities and regulations within the maritime sector. It is planned to create the platform for stakeholders to develop a roadmap to address issues of products, standardisation, financing, incentives and the lack of infrastructure plaguing the industry.

 

Badagry Ship Dockyard named Samsung, Hyundai as technical Partners

Badagry Ship Repair and Maritime Engineering Company (BSMEC), a consortium of five Nigerian firms, has named Samsung Heavy Industries and Hyundai Heavy Industries as technical partners to the development of the ship repair project at Badagry, Lagos.

 

The consortium, which restated its commitment to the project, said Samsung and Hyundai would be investing in the facility as promoters as well as adding their technical expertise. The facility will undertake the repairs and maintenance of large vessels and offshore units, while the catchment area of the facility will include the West African market.