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OVH Energy Says Lagos Midstream Jetty to Save Nigeria N43bn Annually

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ASPM Limited, a subsidiary of OVH Energy Limited, achieved a ground-breaking milestone as it launched its Lagos Midstream Jetty (LMJ) located at the Lagos Apapa Harbour.

The Lagos Midstream Jetty is West Africa’s first privately owned mid-stream jetty, conceived by Oando PLC to increase the delivery capacity and offloading efficiency of petroleum products into marketers’ storage facilities in Apapa Lagos.

The Lagos Midstream Jetty is expected to alleviate the perennial infrastructural hiccups experienced in Apapa, eliminating the lightering and demurrage charges currently being incurred by petroleum marketers by NGN8.3 billion ($23m) and NGN9.8 billion ($27m) respectively.

Additionally, the Jetty will reduce discharge time from 21 to 3 days, increasing product availability.

With a draft of 13.5m, Length Overall (LOA) of 210m and a capacity to receive 45,000 DWT vessels (deadweight tonne), the Lagos Midstream Jetty will discharge at up to 800 m3 (cubic meters) of petroleum products per hour.

The Jetty will operate 24 hours a day to supply products into storage facilities situated within the Apapa axis, via a 3km submarine pipeline network linked directly with up to 200,000MT storage belonging to major and independent marketers in Nigeria.

LMJ which is configured to receive all white products namely petrol, diesel and kerosene, consists of a simple horizontal platform, five (5) berthing dolphins, and four (4) mooring points.

In comparison to available jetties, the Lagos Midstream Jetty has the capacity to receive larger vessels of up to 45,000 DWT in one lot thus reducing the current necessity of bringing in smaller volumes of petroleum products in several batches. This will result in significant cost savings on lightering and generate economies of scale advantages for marketers.

Commenting at the launch event Mr Wale Tinubu, chairman OVH Energy, said: “The Lagos Midstream Jetty was conceived as an innovative industry solution to the perennial challenges marketers faced in the importation of petroleum products. Over the past 30 years, marketers have spent approximately NGN1.6 Trillion ($4.5 billion) on lightering, with 90% of this spend flowing out of the country. Today we have delivered a first class piece of engineering that meets global standards, is the first of its kind in sub-Saharan Africa and will be of invaluable benefit to the industry and nation at large.

“I must thank our regulators, bankers and contractors who believed in us from the start. It is a proud moment for Oando PLC who conceived the idea and OVH who have taken up this mantle.  From conception to realisation, the idea of the Lagos Midstream Jetty is now a reality and is indeed another infrastructural success for us, our nation and the continent.’’

Commenting further on the facility, Mr. Deji Osikoya, the general manager of ASPM Limited, a subsidiary OVH Energy, stated “The Lagos Midstream Jetty is an innovative infrastructure investment designed to radically transform the efficiency of Nigeria’s downstream landscape and boost Nigerian’s petroleum downstream economics.  We expect the Jetty to become an extremely valuable and viable portfolio especially for marketers, reducing delays caused by infrastructural limitations in Lagos, thus improving marketers’ service delivery and profitability and reducing the financial drain on the nation’s resources.”

The Jetty is equipped with a gangway tower to facilitate vessel discharge operations and an on-shore control station at Alapata, Apapa which serves as the central control center for its off-shore and on-shore operational activities fully equipped with an automated process control system.

“The Lagos Midstream Jetty (LMJ) is fully operational, having berthed 10 vessels and discharged products totaling 255,000 metric tonnes of cargo demonstrating its potential as a functionally efficient and safe facility. With a monthly volume capacity of 240,000metric tonnes, or 240,000,000 litres, the Lagos Midstream Jetty is set to substantially boost supply of petroleum product into Nigeria, and contribute an estimated NGN13.1 billion ($36 million) cost reduction in product imports and associated transactions.” Osikoya further added.

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TRT World Now Live on Turkish Airlines

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TRT World channel is now active on Turkish Airlines, delivering live television programming for passenger consumption.

Turkish Airlines now extends live TRT World broadcast across its wide-body aircrafts for its passengers to enjoy programming from Turkey’s first English broadcaster.

Commenting on the initiative Turkish Airlines Chairman of the Board and the Executive Committee, M. İlker Aycı said; “As the national flagship airline of Turkey, where the East and West meet, we offer Turkish hospitality to our guests on board. Today we are proud to offer TRT World’s objective perspective and alternative approach to news making to 122 countries we fly.”

İbrahim Eren, Director General and Chairman of TRT, said; “It is important to stay informed and up-to-date on world events. Passengers tune in to different outlets for news and it is vital to have variety in your sources to have a more well-rounded view of current events.

We are grateful to Turkish Airlines for delivering our content in-flight and making this challenge a lot easier during flight. Being accessible also onboard is a major achievement to fulfill our promise to offer our service everywhere, whatever platform our audience prefer to receive it.”

TRT World, international news platform launched in 2015 and headquartered in Istanbul, offers an alternative viewpoint on global and domestic events, challenging perceived narratives and providing a much needed new perspective on news.

Turkish Airlines’ in-flight entertainment system allows passengers to watch eight channels on board, including TRT World, that broadcast live over satellite.

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Air Peace Receives Fifth Embraer Regional Jet

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Air Peace has taken delivery of its fifth Embraer 145 Regional Jet, assuring that the development has deepened its capacity to relaunch its flights to Sokoto and start its Katsina service.

The carrier, which had earlier received four of the six 50-seater Embraer 145 Regional aircraft it recently acquired, said its goal of unifying Nigeria through air transport and extending its flight operations to unserved and undeserved cities was fast being realized under its subsidiary, Air Peace Hopper.

A statement signed by Air Peace Corporate Communications Manager, Mr. Chris Iwarah said the latest delivery touched down at the Murtala Muhammed Airport, Lagos at the weekend.

The new aircraft, marked 5N-BUX and named Udoka Ozor (Nee Onyema), the statement added, would be deployed on the Sokoto and Katsina routes in about two weeks’ time.

“We are pleased to announce the arrival of our fifth Embraer 145 aircraft in Lagos. The aircraft, which is marked 5N-BUX and named Udoka Ozor (Nee Onyema), landed at the Murtala Muhammed Airport, Lagos about 6.30 p.m. on Sunday, October 14, 2018.

“We have now received a total of five of the six Embaer 145 aircraft we recently acquired as part of our fleet expansion project. We are delighted that with the arrival of the aircraft, we will relaunch our Sokoto operations and start our Katsina service in the next two weeks.

“Air Peace is committed to our no-city-left-behind project under our subsidiary, Air Peace Hopper. We are honoured that our involvement in the aviation industry is fulfilling our goal of uniting Nigeria through air transport, creating thousands of direct and indirect job opportunities and lifting Nigeria’s economy.

“We assure the flying public and Nigeria that we will continue to deliver exceptional flight services and create massive employment opportunities for the people with our domestic, regional and international operations.

“We our indeed grateful to our valued guests and solicit their continued support as we take greater steps to make our dear nation proud in the global aviation community,” Air Peace said

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AMCON Says Some Local Airlines May Collapse Over Debt

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Some Nigerian airlines are facing the risk of collapse under the weight of huge debts, according to the country’s Asset Management Corporation of Nigeria, set up to rescue banks from bad loans.

“The industry remains in the throes of airlines burdened with debts, under administration or on the borderline of collapse,” Amcon chief executive Ahmed Kuru said at the 2018 Colloquium of the Nigeria Travels Mart (NTM) in Lagos.

The colloquium had the theme: “Corporate Governance and Airline Industry Development in Nigeria”.

Amcon acquired the country’s biggest airline Arik last year because of difficulties arising from huge debts and poor corporate governance, it said.

Nigeria’s more than 10 domestic airlines are struggling with difficulties arising from the country’s first economic contraction in a quarter century in 2016, and have seen reduced access to capital and limited leasing opportunities.

The AMCON boss said that lack of regulations and good corporate governance were the main factors responsible for the failure of Nigerian airlines, including the defunct national carrier, Nigeria Airways.

According to him, there are two major problems with the airlines in Nigeria; one being lack of an effective Board of Directors, thereby affecting internal policies and discipline, the other problem has to do with regulation.

“Given the ownership structure of most airlines in Nigeria, the board’s veritable check on management and excesses of airline owners who show very little patience for orderly and planned conduct of business, is practically absent.

“A functional board is necessary for the effective operations of airlines with long term survival and profitability objectives.

“Individuals with independence, experience and expertise from relevant sectors of the economy are not identified and engaged,” Kuru said.

He said on the other hand, regulations were either weak and lack the courage to enforce compliance based on current standards, or need more fine-tuning to ensure effectiveness of the airline.

Kuru said: “The aviation industry is as important as the health industry because it deals with the lives of travellers. It requires more regulations than even the banking industry.

“It is only in Nigeria that an airline can abandon you at the airport for more than five hours without any recourse.

“Indeed, there are consequences for frequent cancellations, however, I cannot recall any airline punished in the recent past.

“That is why I want to use this opportunity to appeal to the NCAA and other regulatory agencies in the aviation industry to show courage and ensure that sound corporate governance systems are enforced.

“A starting point can be the domestication and adoption of the draft Nigerian Code of Corporate Governance 2018.”

Also, Mr. Chris Amenechi, Vice-President, Pricing and Revenue Management, Copa Airlines, Panama, said Nigeria could become an aviation hub if the country addresses the infrastructure deficit in the sector.

He added that the NCAA should not be an economic regulator of airlines but should rather stick to the technical and safety aspects of the business.

On his part, Mr Simon Tumba, Chief Executive Officer of NTM, said the government should focus on airports concession following its decision to jettison the establishment of a new national carrier.

“I believe the government should give more priority to the issue of airports concession. This will give Nigeria an edge and hopefully catapult us to the needed growth in this sector.

“It is very important that this is executed in a transparent manner with full support of the workers,” he said

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