By Uche Mbah
Maersk Supply Service is a part of Danish shipping and offshore energy conglomerate Maersk Group. In recent times, this supply arm is making moves to reduce their Offshore Supply Ship Vessel (OSV) fleet by 20 within two years as well as its crew pool by 400 offshore points. This is symptomatic of the crisis that has befell the business world due to the repressive policies and unfavorable business environment that has become the hallmark of the present Administrations. Already, dockworkers are being laid off, reeling under $7 billion joint venture cash calls that went awry. At the last count, over 20 shipping firms that are affected have exited the Nigerian shores. According to the Chief Executive Officer of Maersk Supply Service, Jorn Madsen, “We are facing unprecedented market conditions, and regrettably we have to further adjust our crew pool. It is an unfortunate, but necessary step to safeguard the future of our company”.
According t Dockworkers Union of Nigeria (DUN),over 3,000 workers lost their jobs in various shipping, terminal operators and logistic companies due to the inability of the Federal Government to fulfill their own part of Joint Venture cash calls. Most Multi National Oil companies like shell have such subsisting contracts. Heres a roll call: Mitsui O.S.K Line, Nippon Yusen Kasha, Taiwan’s Evergreen Line, Messina Line, Hapag-Lloyd and Gold Star Line (GSL), and a host of others besides.
