- The yard also provides optimum proximity to the main shipping channels from and to Nigeria thanks to its strategic location that enables a fast and convenient entry point.
- The dimension of the vessel is 249.869 metres in length, 43.8 metres in breadth, 21.2 metres in depth, and 13.6 metres in designed draught.
- SHIN has since diversified into container Terminal and logistics operations for international and local clients such as COSCO.
Through business diversifications, particularly in the conversion of crude oil carriers to Floating Storage Units (FSU), repair, and upgrade of extremely large and offshore vessels, Samsung Heavy Industries Nigeria (SHIN) Limited has once again reaffirmed its commitment to continue operating in Nigeria as reported by This Day.
Since 2021, SHIN has been providing a suitable and alternative location that provides various maritime services such as cargo, container logistics, ship repair & conversion, FPSO upgrades and so on.
Just last week, a 330-metre-long Very Large Crude Carrier (VLCC), an international vessel used for exports of crude oil has berthed at the SHI-MCI yard in Lagos for the first time.
Top officials of SHIN at the fabrication and integration yard told the journalists that the Samsung Heavy Industries Nigeria berthed the VLCC at its quay wall at the yard to carry out the vessel repair and upgrade works.
VLCC also called ‘Super Tanker’ for its mammoth weight-carrying capacity, can transport massive quantities of crude oil across the oceans to the international market.
With this development, prospective clients in other parts of Africa and Europe that carry out services such as ship repairs, maintenance and upgrades in the Gulf of Mexico, West Africa, Dubai, and Singapore will henceforth find Nigeria as a more attractive location and cost-effective country for such works.
According to the Managing Director of SHIN, Mr Jongseok Kim, Nigeria holds a strong geographical advantage that will enable the country to become the hub for various maritime services such as ship repair & conversion, and upgrades.
Indeed, owing to its strategic location by the coastline, Nigeria is the pivot of West Africa’s shipping activities with over 3,000 merchant vessels every year in the range of 19,000 to 200,000 GT flocking in and out of the country for various marine activities.
Furthermore, following the shift in energy transition as well as the Ukraine-Russia crisis, there is a growing demand for the alteration and modification works on large vessels and FPSO units globally.
While Nigeria has its location advantage, such works could not be carried out in Nigeria as there is no adequate ship repair or shipbuilding facility in Nigeria which could accommodate ships in the range of 19k to 200K GT.
Through Samsung’s business diversification at its yard, however, such works can now be carried out in Nigeria.
The yard represents over 300 million dollars investment by SHIN for the local fabrication and integration of Floating Production Storage and Offloading (FPSO) units and other offshore vessels in Nigeria.
Main shipping channels
The yard also provides optimum proximity to the main shipping channels from and to Nigeria thanks to its strategic location that enables a fast and convenient entry point.
This makes the facility the choice destination for international vessels.
‘But the beauty of our yard is that it is highly scalable, which means that it is not only optimized for world-class, ultra-large and high-value-added projects but also is designed to service and maintain vessels of any size.’
Indeed, SHIN broke the record in Nigerian Content development in the oil and gas industry when it used the yard to fabricate and integrate the Egina FPSO locally, the first time such works were carried out in Africa.
SHIN’s efforts in this direction have led to the development of local capacity and capability, the creation of employment opportunities and boosting of the Gross Domestic Product (GDP) of the country.
International & local clients
According to the top officials at SHIN, the hosting and servicing of the VLCC was the fourth major project handled by the SHI-MCI yard, after the sail-way of the Egina FPSO to the deep offshore oilfield in August 2018.
The berthing of an international vessel christened ‘PACIFIC RUBY’ was the second project after Egina.
The dimension of the vessel is 249.869 metres in length, 43.8 metres in breadth, 21.2 metres depth, and 13.6 metres in a designed draught.
SHIN has since diversified into container Terminal and logistics operations for international and local clients such as COSCO.
The container Terminal includes the berthing of barges at the SHI-MCI FZE Quay wall for the offloading of empty containers; storage of empty containers at the SHI-MCI FZE Laydown area; and the berthing of feeder’s vessels at the quay to backload the empty containers unto the vessels for shipping.
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Source: This Day