Shipowners urge Dangote to support local fleet

Shipowners have urged the Dangote Group and other major cargo owners to support local fleet development by offering long-term Contracts of Affreightment for bulk cargoes such as petroleum products, cement, and fertilizers. Capt. Ladi Olubowale, a former Nigeria Chapter President of the African Shipowners Association and Group Managing Director of Seamate Maritime Integrated Services Limited, made the call during a Public-Private Dialogue in Lagos.

Olubowale emphasized that Nigeria's maritime strategy should focus on creating commercial conditions that make indigenous vessel acquisition bankable, highlighting the need for predictable cargo contracts to facilitate vessel financing and acquisition.

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