Greece Leads in 2017 Maritime Investment, As Nigeria Plans New National Fleet
Greece, Japan and China take the lead in investments of about $423.6 million among top 10 ship-owning countries in 2017, according to latest ranking released by Vessels Value.
The proposal by the Federal Government to fly the Nigerian flag on the new national shipping is, however, faced with a number of bottlenecks hindering its realisation. But government is determined to go through with the plan, which is expected to be private sector-led.
But the Minster for Transportation, Rotimi Amaechi recently said that when established, the new carrier is expected “to address multiple challenges in the shipping industry such as check capital flight, create more employment opportunities for the youth, provide opportunities for sea time training of graduate cadets as well as enforce resurgence in the ship building and repairs sub-sector of shipping,”