10th December, 2010
A Singapore-based firm, Penguin Ferry Services Limited, is exploring the NigerianÂ market and proposing to assemble and supply ferries to operators in the country.
The Managing Director, Penguin International Limited, Mr. James Tham, revealed thisÂ Â in Singapore while receiving a Federal Government delegation on a businessÂ investment trip to the Asian country.
Tham disclosed that the company had met the Lagos State Government which indicatedÂ its willingness to improve its ferry services.
He said that the waterways in Nigeria were grossly under utilised, adding that ferryÂ services would alleviate the problem of road traffic bottlenecks in the city.
The company, according to him, had been into passenger ferry services since 1972,Â noting that it started as a ferry service company in bunkering, and offshore supplyÂ and had now gone into ship building.
Tham explained that the ferries could accommodate between 100 and 200 passengers onÂ board and had all the necessary facilities.
He said that the company looked forward to establishing a ship building yard inÂ Dubai, United Arab Emirates (UAE) and an assembly plant in Nigeria.
The Nigerian delegates were conducted round Harbour Front Terminal operated by theÂ company.
The Managing Director, Nigerian Ports Authority (NPA), Malam Abdulsalam Mohammed,Â said that the delegation was encouraged by the efforts,Â the Lagos State GovernmentÂ made in holding discussions with Penguin Ferry Services Limited.
He said that the delegation would be happy to see the company as partners of bothÂ the Federal Government and other businessmen.
Mohammed expressed appreciation for the time given by the management of the companyÂ to receive the Nigerian delegation.
He said that the purpose of the visit was to learn from the experiences of theÂ company, to appreciate the successes it recorded and see what Nigeria would gainÂ from the visit.
â€œWhen next we come, we intend to see new developments in your companyâ€, MohammedÂ said.