Ships & Ports

Svitzer tug employees agree pay increase, end strikes

Svitzer tug employees agree pay increase, end strikes

Members of Nautilus International and Svitzer tug employees in Amsterdam and Rotterdam have reached an end to a long-running dispute with Svitzer Euromed over unpaid...

U.S. in talks to enable free passage in the Gulf

U.S. in talks to enable free passage in the Gulf

U.S. Central Command chief General Kenneth McKenzie said on Thursday it was talking to other countries about freedom of navigation in the Gulf and would work...

Migrant found dead as nearly 300 rescued in Mediterranean

Migrant found dead as nearly 300 rescued in Mediterranean

Nearly 300 migrants from sub-Saharan Africa were rescued at sea overnight between Spain and Morocco, while a woman was found dead on one of the four boats, Spain’s...

suez canal

Egypt aims to increase investments in Suez Canal Zone to $5bn in 15 years

Egypt aims to increase investments in the Suez Canal Economic Zone (SCZone) development project to 55 billion U.S. dollars in 15 years, the chairman of the SCZone...

Buhari: Why Nigeria, other developing countries are no longer powerful in OPEC

Buhari orders immediate implementation of new minimum wage

President Muhammadu Buhari has approved the immediate implementation of the N30,000 new national wage for Federal Public Service workers currently earning below the...

nigeria-navy

Navy releases list of successful job applicants 

The Nigerian Navy says it has released the list of successful candidates for its 2019 recruitment aptitude test. Navy Spokesman, Commodore Suleman Dahun, who announced...

prisoner

India arrests Nigerian with N61.5m cocaine 

A Nigerian suspected to be a member of an international drug cartel has been arrested by India’s Anti-Narcotics Cell in Mumbai with cocaine worth USD171,000...

IMF Chief kicks against trade, currency wars

Christine Lagarde quits as IMF boss

Managing Director of the International Monetary Fund (IMF) Christine Lagarde announced in a statement on Tuesday that she has submitted her resignation from the IMF and...

U.S. releases MSC Gayane on $50m bond  

20 tons cocaine bust: U.S. releases MSC Gayane on $50m bond  

U.S. authorities have released MSC Gayane, the ship caught with one billion dollars worth of cocaine in Philadelphia, after a USD50 million bond was posted. USD10...

Passenger dies after evacuation off Philippines

Passenger dies after evacuation off Philippines

A passenger of a roll-on/roll-off (roro) vessel died after being medevaced off Cebu, Philippines, on July 10. According to the Philippine Coast Guard (PCG), the man...

Maersk’s one hundred years in the USA

Maersk’s one hundred years in the USA

The first Maersk company in the United States was established on 7 July 1919 by ship-owner A.P. Møller. One hundred years. From steamships with a capacity equal to 325...

Inflation rate dips 0.09% in July – NBS

Nigeria’s Inflation rate drops by 0.18 percentage points 

The National Bureau of Statistics (NBS) on Monday released the consumer price index, which measures inflation with the index dropping year on year from 11.40 per cent in...

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