MAGNITUDE 5.5 EARTHQUAKE STRIKES EASTERN EGYPT. (PHOTO)

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 Magnitude 5.5 earthquake strikes eastern Egypt A magnitude 5.5 earthquake shook eastern Egypt early Monday, prompting authorities to activate response plans, although there were no immediate requests for emergency help. The tremors were felt across a wide area, waking residents across Cairo and reaching as far as El-Arish near Egypt's border with the Gaza Strip. The quake struck about 40 kilometres north of the city of Suez at 3:00 am (0000 GMT), according to Egypt's National Research Institute of Astronomy and Geophysics, which revised an earlier estimate of 5.2.
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NPA BIRTHS FIRST WHOLLY NIGERIAN-OWNED CONTAINER VESSEL. (PHOTO).

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 NPA births first wholly Nigerian-owned container vessel


In a development that signposts readiness to maximise the gains derivable from the African Continental Free Trade Area (AfCFTA), the Nigerian Port Authority (NPA) on 2nd July, at 5:05 AM, berthed the first wholly Nigerian-owned container vessel.


The container vessel with International Maritime Organization (IMO) number 9508770, christened MV Ocean Dragon and owned by Clarion Shipping West Africa Limited, has a capacity of 349 Twenty-Foot-Equivalent Units (TEUs).


A statement by NPA on Friday said the vessel boosts a concerted investment drive geared towards reaping the cost and time-saving benefits of short-sea shipping by plying in-country maritime trade routes across Nigeria, and the West African sub-region, and offers an efficient alternative to road transport. The vessel is scheduled to operate across West Africa and beyond, servicing ports in Nigeria, Benin Republic, Togo, Ghana, Cameroon, Sierra Leone, Ivory Coast, Egypt, South Africa and others, with expressions of interest for business already being established.


Responding to the milestone, Managing Director/ CEO of the NPA, Abubakar Dantsoho said, “This development is a testament to our relentless commitment towards deepening efficiencies required for maximising our Marine and Blue Economy potentials in line with the prompting of the Honourable Minister of Marine & Blue Economy, Alh. Gboyega Oyetola, whose tenacity of purpose culminated in the recent FEC approval of the national policy on Marine and Blue Economy”.


On her part, Vice President of Clarion Shipping West Africa Limited, Bernadine Eloka, described the acquisition as a bold solution to the high-risk, road-dominated movement of cargoes within Nigeria and a strategic move to deepen regional trade under the AfCFTA. She said that the Clarion Group aims to offer more efficient intra-African shipping services while opening up new business opportunities across ports in Nigeria, Ghana, Ivory Coast, and beyond.


“We acquired MV Ocean Dragon to offer a seamless alternative to container haulage by road. Rather than struggling to move containers from Lekki to Onitsha, Port Harcourt, or Calabar by trucks, Ocean Dragon can move up to 349 containers by sea and deliver within two days from port to port,” Eloka said. According to her, enforcement of the cabotage regime would encourage local investment, create jobs, and reduce Nigeria’s dependency on foreign-owned shipping lines.

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