MANAGEMENT of Nigerstar 7 – a joint venture between two big oil services companies, Subsea 7 and Jagal Group, has advised the Federal Government to compel owners of Nigerian vessels to carry out dry-docking and repairs of their vessels in Nigeria to stem revenue losses.
The management spoke at a ceremony to unveil the acquisition and reflagging of its two major offshore support vessels – the Seven Antares and the Seven Inagha, held at Nigerdock’s Snake Island Integrated Free Zone in Lagos.
According to the Chairman of Nigerstar 7, Mr. Anwar Jarmakani, “Too many vessels operate in Nigeria and do their dry-docking services around West Africa and elsewhere. This is not healthy for the Nigerian economy. In order to prevent economic loss, and provide further jobs and opportunities, we recommend that the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Content Development Management Board (NCDMB) always request that vessels engaged…