Nigerian Oil Tanker Fleet to Decrease By 2.23% in 2018

15 March 2018

The size of the Nigerian oil tanker fleet is expected to reduce by 2.23 percent in 2018, an industry report has shown. This was contained in the Nigerian Maritime Administration and Safety Agency (NIMASA) Maritime Industry Forecast 2018-2019, a copy which was made available to LEADERSHIP.

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.

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