NLNG mulls growing into global shipping leader

Nigeria LNG Limited (NLNG) said its shipping operation is relying on the strategic deployment of skills and technology to power its transformation into a global maritime industry leader.

The General Manager, Shipping, Capt Temilola Okesanjo, who disclosed this at the Multimodal (Logistics) West Africa Conference, the largest Transport & Logistics Exhibition in West Africa, in Lagos, said the company provides training for Nigerian seafarers, and manages a world class Vessel Traffic Information Management System (VTIMS)

Okesanya said NLNG has since commencement of operations in 1999, chartered-in 45 Vessels (including LNG, LPG and Condensate carriers) for shipment of its products to buyers across the globe and chartered- out five of its own vessels to other operators in the market.

“NLNG currently operates the largest fleet of LNG carriers in the country and has within in its operations portfolio a total of 23 vessels, three different ship owners and four fleet managers, making the company a formidable player in the Chartering Market, even as it continues to deploy skilled manpower and cutting edge technology for sustainable growth,” he said.

Okesanjo referenced how NLNG’s shipping operations have had to adapt quickly and cost effectively to a progressively more challenging and competitive global maritime market, especially in the aftermath of the Fukushima nuclear incident in Japan in 2011.

“One of the primary impacts of Fukushima was the need for cargo diversions, sometimes away from traditional routes and an increase of voyage distances to discharge ports in the Far and Middle East as well as adjustments to operating capacity requirements as a whole. All this in our endeavour to find profitable takers for the 22 million tonnes per annum capacity of our six train production plant at Bonny.

“Today, the shipping aspect of our business is being positioned for emerging market opportunities through a revamped chartering structure designed to optimize available shipping capacity,” he said.

Okesanjo added: “The evolving market conditions demand flexible shipping portfolios as conventional shipping structures are being challenged.

“With eleven buyers on 16 contracts to base destinations in Europe and North America, including Spain, France, Portugal and United States, the company has realized considerable revenue from opportunistic diversions and sub-charters,” he added.

The Managing Director, Clarion Events West Africa, Dele Alimi had said the fair would enable different sector of Nigerian economy to deliver value.

According to Okesanjo, NLNG’s operational modality involves the provision of adequate shipping capacity to lift contractual volumes from NLNG terminal at Bonny in Rivers State, facilitating the implementation of diversion requests to longer distances being proposed by buyers, and enabling the sub-charter of surplus capacity when applicable to ensure full utilization of capacity and competitiveness.

Expressed the NLNG supports the International Chamber of Shipping (ICS) certification of its staff, adding that it also provides for training of Nigerian Seafarers, and manages a world class Vessel Traffic Information Management System (VTIMS).

NLNG, according to him, is also putting in place a Maritime Centre of Excellence (MCOE) with capacity for training and research using cutting edge technologies including a state of the art Simulation Centre installed at Bonny Island.

The Managing Director, Clarion Events West Africa, Dele Alimi had said the fair would enable different sector of Nigerian economy to deliver value.

“By exposing the raw materials available in the different parts of Nigeria through this medium, manufacturers will be saved the rigours of sourcing for forex to import raw materials for their production,” Alimi said.