News

MRS Oil to save Nigeria $120 m annually with jetty expansion

  • Comments   -   Friday, 17 March 2017 - 17:38

(Ecofin Agency) - Nigeria has been added to the global shipping map with the berthing of the first ever 75,000 mt vessel at the MRS depot jetty, located at the Tincan terminal, Apapa, Lagos.

Speaking in a statement on Thursday, the Chairman of MRS, Sayyu Dantata, said the terminal is the first of its kind in any African port and could save Nigeria $120 million annually. He explained that the company was able to achieve this breakthrough through the expansion of its jetty at its terminal in Lagos.

Our achievement here is that we have put Tin Can terminal in Nigeria into the international shipping arena for 80,000 mt-120,000 mt vessels’ calling ports within Africa. With our capability to berth vessels this size, we can conveniently save the country a minimum of about $2 million per voyage and this can be as much as $120 million per annum currently wasted due to ship-to-ship operations, shallow drafts and delays,” he added.

MRS Oil Nigeria Plc is a Nigeria-based company engaged in oil trading, shipping, storage, distribution and retailing.

Anita Fatunji

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