Shipowners spend $30m annually on drydocking in Africa

Findings by The PUNCH have revealed that Nigerian shipowners spend between $25m and $25m-$30m every year on dry docking vessels within West African countries.

The President of the Nigerian Indigenous Shipowners Association, Mr. Sola Adewunmi, disclosed this in a chat with The PUNCH on Saturday.

The term dry docking refers to a regular process that is used for the maintenance and repair of vessels. In much the same way as a car is regularly…