Business
Indigenous Shipping Firm Acquires $20m Merchant Tankers
An indigenous firm, Morlap Shipping Company, Lagos, says it has acquired two merchant tankers estimated
at 20 million dollars (N3 billion).
This was contained in a statement issued on Monday by Mr. Bolaji Akinola, the Company’s Media Adviser.
The statement said the two newly-acquired vessels, MT Mor Prosperity and MT Mor Power, would boost the fleet of vessels operating under the Indigenous Ship Owners Association of Nigeria (ISAN).
MT Mor Prosperity is an 18,000-tonne double-hull oil tanker built in Malaysia by Hyundai Heavy Industries.
The statement said the tankers had arrived in the country and deployed to service a contract with the Nigerian National Petroleum Company (NNPC).
It said the vessel which is 160-metre long is fitted with cargo control room (CCR) and complies with the latest international recommendations for oil tanker manifolds and associated equipment.
The other merchant tanker, MT Mor Power, a 30,000-tonne oil tanker, is expected to arrive in the country in April and would also be deployed to service a contract with NNPC.
Report say indigenous ship owners have been making efforts to ensure that the NNPC gives them part of the contracts of transportation of crude oil.
NAN reports that to make their dream a reality, the ship owners came together and floated a mega shipping company named ISAN Shipping Company.
The ship owners are sourcing for an initial sum of N I billion to take off with a big tanker vessel.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
