Mr Emmanuel Iheanacho, Chairman of Integrated Oil and Gas Company, says there is need for Nigerian shipowners to develop their shipping capabilities and maximize opportunities in the industry.
He said that there was need for modular refinery establishment to enhance the oil and gas sector and help to meet the domestic fuel demands for smooth transportation and other business operations.
Iheanacho suggested that they should focus more on tanker trade rather than operating liner services.
According to him, tanker trade is a comparatively simpler business as it involves carrying a single cargo with one Bill of Lading.
NAN reports that liner services require managing thousands of containers, each containing numerous small goods, which can be more administratively complex.
“All you have to do, is to be able to take the ship to a port, stop the ship there, load the sip and sail the ship out of the port and then to another port.
“So, it is not as difficult. For instance, if you were operating a liner service, it requires you to carry thousands of containers and in each has thousands of small goods.
