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Shipping Lines Hail US Lifting of 12-Year Restriction on Nigerian Ports

  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…

Trump Renews Attack on IMO Net-Zero Shipping Framework

  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…

BIMCO Warns Container Shipping Faces Supply Glut in 2027

  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.…

Indian Seafarer Killed as MV Cape Dao Comes Under Attack off Oman 

  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 Drops 14.8% to N167.9bn in Q2 2026

  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 Imposes Congestion Surcharge on Tema 

  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…

France, US Draft UN Resolution to Secure Strait of Hormuz

  France has begun drafting a UN Security Council resolution, in coordination with the United States, aimed at establishing an international mission to restore freedom of movement through the Strait…

25 Crew Rescued After MSC Container Ship Abandoned in South China Sea

  All 25 crew members of the container ship MSC Hermes III have been rescued after they abandoned the vessel in the South China Sea, Singapore’s Maritime & Port Authority…

NPERA, NPA Begin Process to Transfer Inland Dry Port Functions 

  The Nigeria Ports Economic Regulatory Agency (NPERA) and the Nigerian Ports Authority (NPA) have begun technical discussions on the transfer of inland dry port functions to the NPA, following…

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Oyetola: On the Crest of Maritime History

  By Chima Nwana The introduction of the new Federal Ministry of Marine and Blue Economy by President Bola Ahmed Tinubu was a bold step in the right direction. It…

OPINION

What the US Lifting of the 12-Year Vessel Restriction Means for Nigeria 

    By Nasir Anas Mohammed The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, recently announced that the United States Coast Guard has lifted the Condition of Entry…