Maersk Slaps $1,000 Hormuz Surcharge As Shipping Crisis Spreads
Maersk has imposed a new $1,000 surcharge per container for cargo carried on vessels transiting the Strait of Hormuz, as mounting security threats send shipping costs higher across the…
Maersk has imposed a new $1,000 surcharge per container for cargo carried on vessels transiting the Strait of Hormuz, as mounting security threats send shipping costs higher across the…
The global containership fleet continued to expand rapidly in 2025, with shipowners placing a record number of newbuilding orders even as concerns over future overcapacity grew. According to Dynamar’s…
The flow of Middle East energy trade is shifting again after Iran-backed Houthi militants attacked two tankers in the Red Sea, raising fears that shipping through the region could…
The Senate on Wednesday suspended consideration of the Nigerian Coast Guard Bill over concerns that the proposed agency could duplicate the responsibilities of the Nigerian Navy and the Marine…
Maritime lawyers have urged President Bola Ahmed Tinubu to expedite assent to the Nigerian Port Economic Regulatory Agency (NPERA) Bill, saying the legislation is crucial to unlocking the full…
More than 100 people are feared dead after an 87-year-old state-run ferry sank off Guyana’s Essequibo coast in the South American nation’s worst maritime disaster on record. Authorities said…
As CJN, SGF, House Speaker Seek Faster Admiralty Justice, Stronger Collaboration to Unlock Nigeria’s Maritime Potential The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, has urged the judiciary…
Nigeria’s Presidential Enabling Business Environment Council (PEBEC) is stepping up efforts to dismantle illegal checkpoints along port corridors, prosecute officials accused of extortion and roll out a unified digital…
Fears are growing for at least 500 people believed to have been aboard two boats that reportedly capsized off Myanmar’s coast in recent days, the UN migration agency and…
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…
By Ikechukwu Onyemekara From humble beginnings at the Nigerian Ports Authority (NPA) when he was employed on October 17, 1994 (the month of his birth) as a junior…