Description

Tank Barges are used to carry liquid commodity e,g Petroleum product , crude oil & bulk chemicals , Tanker barges are used where Tanker vessel have difficulty navigating .

They come as self – propelled or stand alone.
A stand alone barge will require the use of a Tugboat to pull It.

There are growing market opportunities for tanker Barge in Nigeria due to increased exploration and exploitation activities on Nigerian coastline and offshore requiring coastal vessels and operations. The carriage of materials or supply of services to and from oil rigs, oil platforms and installations and carriages of petroleum products between oil rigs, platforms and installations whether onshore or offshore or from port to port in Nigerian waters are reserved for vessels, tugs and barges.

The captivation of this lucrative shipping market opportunity is evident in the introduction of The CABOTAGE Act, this Acts intends to achieve the reservation of a significant part of the Nigerian coastal shipping business opportunity, particularly those existing in respect of the local carriage of petroleum product and all manner of shipping services between all Nigeria coastwise and offshore locations for Nigeria operators/ investors.

Indeed the CABOTAGE has open –up market opportunities for intending investors willing to invest in leasing of Tanker Barge.

This report aims at introducing the subject matter and provides a pre-feasibility on tanker vessel
Business in Nigeria

• Sector and industry analysis
• SWOT analysis
• Legal requirement
• Licensing and regulations
• Human resource requirement
• Financial analysis