Business
Fuel Vessels Drop To 16 Weekly …As Fuel Scarcity Bites Harder
Number of ships waiting to discharge various petroleum products in the country has dropped from an average of 30 ships weekly to 16 this new year, even as fuel scarcity bits harder in the country.
The drop in the number of vessels waiting to discharge has been attributed to the shortage in supply of Premium motor-spirit otherwise known as petrol. According to the Nigeria Ports Authority (NPA) shipping Position, only six ships out of the 16 vessels are laden with petrol, while three are carrying automotive gas oil (diesel).
The NPA data also revealed that three of the ships are carrying aviation oil, three laden with kerosene, while one is waiting to discharge buck gas.
Similarly investigation show that only 12 ships have been declared to discharge petroleum product in the next three weeks, as against the usual 40 to 50 that are suppose to bring in their consignment within the period.
Speaking with a staff of one of the big oil marketers at Ibru Yard, Lagos, who pleaded anonymity, he said their company had been without product almost through out the festive period, stressing that last year they were working day and night within the period.
He explained that the same applied to more than 12 oil marketers operating at the yard, saying that it was the major cause of the scarcity in the country. Morever, The Tide finding have revealed that most of the major oil marketers were blacklisted by the economic and financial crime commission (EFCC) due to non performing loans.
This it was gathered had promoted the bank to stop giving loans to the marketers, rather they have embarked on drives to recover their money due to the ongoing banking crisis in the country.
It was also learnt that some oil marketers were hoarding their petroleum products against the January deregulation proposed by the Federal Government.
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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