Security & Safety
NSML Confirms Removal of War Risk Insurance on Nigeria-Bound Ships, Unveils New Logo
The NLNG Shipping and Marine Services Limited (NSML) has confirmed the removal of War Risk Insurance Premiums on Nigeria-bound ships, a surcharge imposed by foreign shipping companies due to security concerns in the Gulf of Guinea.
Managing Director of NSML, Abdulkadir Ahmed, made this known in Lagos on Monday during a press conference to unveil the company’s new logo. The rebranding marks a significant milestone in NSML’s expansion into new markets and service offerings.
Ahmed attributed the removal of the insurance surcharge to the successes recorded under the Deep Blue Project, spearheaded by the Nigerian Maritime Administration and Safety Agency (NIMASA).
“War risk is a perception of safety in the region, and I am glad to mention that the NIMASA Deep Blue Project has significantly addressed security concerns within West African waters,” he said.
He, however, stressed the need for continuous efforts to maintain a secure maritime environment to ensure the sustainability of this development.
“We commend NIMASA for what they have done. It has really enhanced security within the Gulf of Guinea. However, we must continue to sustain a safe and secure environment because this can change at any moment,” Ahmed added.
According to him, nearly 300 cadets have sailed on NSML vessels, with about 200 completing their certifications and 100 securing employment within the company.
“The challenge of securing sea berth placements is a global issue, but it is even more pronounced in Nigeria because our shipping industry is still growing. The number of ocean-going vessels is limited, but we are exploring more opportunities to increase berth spaces for cadets,” he stated.
Introducing the company’s new visual identity, Ahmed explained that the updated logo aligns with the NLNG Group’s rebranding initiative, which began in 2024.
He noted that the new design reinforces NSML’s commitment to excellence, sustainability, and collaboration in the maritime sector.
“Our new logo is more than just a visual update; it embodies our core values of professionalism, teamwork, respect, excellence, and care. It also reflects our mission to provide cost-efficient maritime services in a safe, reliable, and sustainable manner,” Ahmed said.
The new logo features an “advanced swivel” in green, lemon, and blue colors. The green represents NSML’s commitment to safety and sustainability, blue signifies reliability and operational excellence, while lemon symbolizes innovation and forward-thinking maritime solutions.
Ahmed emphasized that the rebranding would strengthen NSML’s brand identity, positioning it as a leading provider of integrated maritime services in Nigeria and beyond.