MRS to save Nigeria $120m annually from jetty expansion

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Foremost downstream oil company, MRS Oil Nigeria Plc, on Thursday announced a record-breaking milestone by the company, with the berthing of a vessel with a deadweight of 75,000mt at its terminal at the Tin Can Island Port, Apapa, Lagos, adding that it was the first of its kind in any African port and could save Nigeria $120 million annually, ThisDay reports.

MRS was able to accomplish the landmark through the expansion of its jetty at its terminal in Lagos.
The upgraded terminal catapulted it into the international shipping arena for 80,000mt-120,000mt vessels’ calling ports within Africa. The Chairman of MRS, Alhaji Sayyu Dantata said; “We have been working quietly to rehabilitate and expand the jetty since the unfortunate barge explosion we had in 2013. We made a deliberate decision to rebuild our jetty to meet international standards.”

On the expansion of its terminal, the MRS chairman said that a vessel, MT Lila Victoria, berthed at the company’s jetty last week with a deadweight of 75,000MT, the first of its kind in any African port. “Our achievement here is that we have put Tin Can terminal in Nigeria into the international shipping arena for 80,000mt-120,000mt vessels’ calling ports within Africa.