The Nigeria Customs Service has asked the Federal High Court in Lagos to permanently forfeit three aircraft linked to billionaire businessman and MRS Holdings chief executive, Sayyu Dantata, over…

  President Bola Ahmed Tinubu has assured domestic and international investors of the Federal Government’s commitment to regulatory clarity, policy stability and a predictable business environment as Nigeria seeks to…

  The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, has stressed that new investments in Nigeria’s fisheries sector must strengthen, rather than displace, the millions of Nigerians whose…

  Multinational shipping lines operating in Nigeria have welcomed the United States Coast Guard’s decision to lift the 12-year Condition of Entry imposed on vessels originating from Nigerian ports and…

  US President Donald Trump has renewed his opposition to the International Maritime Organization’s (IMO) Net-Zero Framework, accusing the UN shipping agency of seeking to impose a global carbon tax…

  The container shipping market could face a sharp weakening in 2027 as a surge in new vessel capacity outpaces demand, the world’s largest international shipping association, BIMCO, has warned.…

  An Indian seafarer was killed on Wednesday when the bulk carrier MV Cape Dao came under attack off Oman while sailing towards India, in the latest incident to raise…

  Nigeria’s fish import bill fell by 14.8 per cent to N167.91 billion in the second quarter of 2026, from N197.17 billion recorded in the corresponding quarter of 2025. Data…

  Hapag-Lloyd is introducing a US$250-per-TEU congestion surcharge on refrigerated containers bound for Tema, Ghana, citing congestion at the destination. The Congestion Destination Surcharge (CGD) will apply to reefer shipments…