Ships & Ports
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...
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...
Denmark becomes country with fifth largest merchant fleet
Denmark has again improved its place on the list of the world’s largest shipping nations, surpassing the United States to claim the fifth place. The milestone comes...
Gibraltar gives condition for release of Iranian oil tanker
Gibraltar and the UK would facilitate the release of the detained Iranian crude oil carrier Grace 1 if there are guarantees the ship would not be going to Syria. UK’s...
EU agrees sanctions on Turkey over drillship in Cyprus EEZ
As Cyprus-back and Turkish drillships anchored near each other, European Union states have agreed on sanctions the EU should impose on Turkey for its illegal drilling...
Container throughput at Shanghai ports rise by 5.1% in six months
Container throughput at China’s Shanghai port has risen by 5.1% in the first half of this year compared to the year-ago period, according to Shanghai International...
Inflation rate drops to 11.22%
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...
Navy arrests 11 smugglers, seizes 483 bags of rice
The Nigerian Navy Forward Operating Base located at Ibaka, Mbo Local Government Area of Akwa Ibom, says it arrested eleven suspects conveying 483 bags of smuggled rice...
CBN’s trade monitoring system and Nigeria’s non-oil exports
The Central Bank of Nigeria (CBN) recently announced that it would launch a Trade Monitoring System (TRMS) in October. TRMS is an automated system that will reduce the...
Anti-piracy law will not end maritime crimes in Nigeria — Ogbeifun
The immediate past President, Ship owners Association of Nigeria (SOAN), Engr. Greg Ogbeifun, in this interview, speaks on the recent signing of the anti-piracy bill...
National shipping carrier: Revisiting another failed venture
Former Minister of Transport, Rotimi Amaechi, stirred the hornet’s nest as he was leaving office early last month. During a valedictory meeting with maritime...
15 Nigerians arrested in Malaysia for fraud
Malaysian police have arrested 15 Nigerians in one fell swoop on suspicions of being engaged in the business of swindling people. Of the 15, three are women. The...
