An industry report has shown that the size of the Nigerian Oil Tanker Fleet is expected to reduce by 2.23 percent in 2018, Leadership reports.
This was contained in the Nigerian Maritime Administration and Safety Agency (NIMASA) Maritime Industry Forecast 2018–2019. The report also projected that the fleet will increase by 1.7percent in 2019. It also projected that total fleet seize is expected to grow in 2018 and consolidate the growth in 2019.
The report reads, “From our analysis, we expect total fleet size to grow 4.08 percent in 2018 and 4.41 percent in 2019. We also project that oil Tanker Fleet size will decrease by 2.23 percent in 2018 and increase by 1.7percent in 2019.”
It added; “The non-oil tanker fleet size is projected to increase by 8.15 percent in 2018 and 8.72percent in 2019. The oil rig count is projected to increase by 27.67percent in 2018 and 0 percent in 2019.’’ The report also observed that ocean transportation will remain the most important mode of conveyance in international merchandise trade in the foreseeable future.
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