Vanguard news reported that Managing Director of Union Admiralty Ltd, UAL, Ibi Seddon, has blamed the dominance of lifting of refined petroleum products from mother ships offshore to the storage facilities to the fact that the Nigerian owned ships are not sea-worthy.
FPSO Vessel
Seddon who spoke to Vanguard in Lagos, explained that despite the Cabotage Act which restricts trade within the nation’s coastal waters for Nigerian owned vessels, product owners and owners of mother vessels still prefers foreign ships because the indigenous owned ships are not in class.
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