NLNG mulls growth into global shipping leader

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Nigeria LNG Limited (NLNG) said its shipping operation is relying on the strategic deployment of skills and technology to power its transformation into a global maritime industry leader, The Guardian reports.

The General Manager, Shipping, Capt Temilola Okesanjo, who disclosed this at the Multimodal (Logistics) West Africa Conference, the largest Transport & Logistics Exhibition in West Africa, in Lagos, said NLNG has since commencement of operations in 1999, chartered-in 45 Vessels (including LNG, LPG and Condensate carriers) for shipment of its products to buyers across the globe and chartered- out five of its own vessels to other operators in the market.

“NLNG currently operates the largest fleet of LNG carriers in the country and has within in its operations portfolio a total of 23 vessels, three different ship owners and four fleet managers, making the company a formidable player in the Chartering Market, even as it continues to deploy skilled manpower and cutting edge technology for sustainable growth,” he said.

Okesanjo referenced how NLNG’s shipping operations have had to adapt quickly and cost effectively to a progressively more challenging and competitive global maritime market, especially in the aftermath of the Fukushima nuclear incident in Japan in 2011. “Today, the shipping aspect of our business is being positioned for emerging market opportunities through a revamped chartering structure designed to optimize available shipping capacity,” he said.