Business
Ship Owners Seek Conversion Of CVFF To Maritime Bank
The Nigerian Shipowners Association (NISA) has said that there were moves to convert the Cabotage Vessel Financing Fund (CVFF) into a Maritime bank.
The Acting President of NISA, Mr Aminu Umar, made the disclosure at a news conference held by the association in Lagos.
Umar, who was represented by the association’s general secretary, Mr Tunji Brown, said the initiative would make more funds available for industry stakeholders and create more jobs.
“When this comes on stream, the CVFF will be so small compared to what the maritime bank will be able to achieve. “It will also make the funds easily accessible by ship owners,” he said.
According to Umar, the NISA executive is focused on driving and achieving the goals set up when it was constituted.
He said that the primary focus was to ensure that the indigenous ship owners get back their jobs which had been taken over by foreigners.
Brown said that in line with that vision, NISA would ensure “that members’ vessels are compliant with the international regulations that demanded that all single hull tankers be phased out’’.
He, however, thanked the ýNigerian Maritime Administration and Safety Agency (NIMASA) for extending the phase out of single hull till 2020.
“According to him, “we will, therefore, like to commend NIMASA for the unprecedented bold initiative to extend the operation of single hull tankers to year 2020.
“They have exercised these powers in line with IMO regulations that allow flag states ýto use their prerogatives and “we will continue to work with NIMASA to create an enabling environment that will remove the obstacles on the way of profitable operation of indigenous shipping,’’ he said.
Also speaking, Capt. Emmanuel Ilori, the Publicity Secretary of NISA, confirmed that Capt. Dada Labinjo was asked to step aside as president of the association.
He said that Labinjo was not sacked but was asked to go and concentrate on resolving his alleged involvement ýin a case that involved the Economic and Financial Crimes Commission (EFCC).
Ilori said this became necessary to enable the association to move forward with its activities for the benefit of members and the economy at large.
He, however, said that while the matter had yet to be resolved, Labinjo was not permitted to represent the association in any official matters.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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