BULLS: Ship Owners Are Poor Yet Wealthy

BULLS: Ship Owners Are Poor Yet Wealthy
A Cabotage Tug Boat


You don’t know the way it feels to be wealthy yet not rich. This is the fate of many Nigerian shipowners who have gone bankrupt in the midst of plenty. They are all turning out to be consultants instead of managing vessels. They lack vessel, they lack money but rich as government promise collectors. This is meant to be secret though, it deserves a mention here. They have dragged the Minister of Transport, Attorney General of the Federation, among others to couirt over their neglect of shipping sector. We hope the court can as the last resort here.

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