Investor Presentaiton
The Establishment And Demise of Nigerian
National Shipping Line (NNSL)
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The Nigerian National Shipping Line (NNSL) was established by the
Nigerian government in 1957 at first 33% of the capital was from Elder
Dempster line and 16% by palm line, both British companies while
Nigerian government held 51%. In 1961, the Nigerian government
acquired all the shares.
The NNSL started operations in 1959 with 3 vessels. Nigerian seamen
Who were employed by British Shipping Companies in the colonial era
Moved to work for the NNSL and by 1964 had grown to 16 vessels.
In 1977 the Nigerian government ordered the construction of 19 new
vessels and by 1979 NNSL had 24 oceangoing ships. It became an
important source of training for seamen of the Nigerian Merchant
Navy.View entire presentation