Ships & Ports

It’s wrong for Customs to raid markets, seize traders’ goods — Nwabunike

It’s wrong for Customs to raid markets, seize traders’ goods — Nwabunike

  Tony Uju Nwabunike is the National President, Association of Nigerian Licensed Customs Agent (ANLCA). In this interview with Shulammite ‘Foyeku, he speaks on...

Hapag-Lloyd

Hapag-Lloyd signs space charter deal with Maersk, MSC

  German shipping major Hapag-Lloyd has signed a space charter agreement with the members of the 2M Alliance – Maersk and Mediterranean Shipping Company (MSC). As...

Sulphur charge

P&I Clubs brace for wave of IMO 2020 claims

Mutual insurers are holding their breath during the early weeks of IMO 2020 regulations, as fuel compliance, scrubber performance and wash water issues present a whole...

Inflation rate dips 0.09% in July – NBS

Nigeria’s inflation hits 19 months high

  The consumer price index, which measures inflation, stood at 11.98% in December 2019,” according to a report released by the National Bureau of Statistics (NBS)...

Navy hands over suspected oil thieves, vessel to EFCC

Navy hands over suspected oil thieves, vessel to EFCC

  The Nigerian Navy Ship Delta, NNS Delta has handed over a motor vessel, MV Salvation and nine crew members allegedly involved in illegal oil deal to the Economic...

Singapore container port volumes up 8.7% in 2018

Port of Singapore container throughput hits record 37.3m TEU 

  The Port of Singapore’s container throughput in 2019 hit an all-time high of 37.2 million TEUs, amidst challenging global economic conditions driven by...

Suez Canal

Suez Canal bars ships from discharging scrubber water

  The Suez Canal Authority has advised shipowners that discharging wash water from open-loop scrubbers during transit in the waterway is strictly forbidden. Based...

Navy seizes N34m worth of smuggled rice, arrests seven suspects

Navy seizes 1,439 bags of smuggled rice in Ibaka 

  The Nigerian Navy, Forward Operating Base, Ibaka in Mbo, Akwa Ibom State, arrested six suspected smugglers, seized 1,439 bags of smuggled rice between December...

Buhari signs anti-monopoly law

VAT now 7.5% as Buhari signs 2019 Finance Bill into law

  President Muhammadu Buhari on Monday signed the 2019 Finance Bill, which increased the rate of Value Added Tax (VAT) from the present 5% to 7.5%, into law.  The...

Navy promotes 140 senior officers

Navy commissions 22 for command level 

  The Commandant of Naval War College Nigeria (NWCN), Rear Adm. Adeseye Ayobanjo, has commissioned 22 naval personnel for the Command Level Officers’ Course 3....

Buhari approves state, local government police

VAT now 7.5% as Buhari signs 2019 Finance Bill into law

  President Muhammadu Buhari on Monday signed the 2019 Finance Bill, which increased the rate of Value Added Tax (VAT) from the present 5% to 7.5%, into law. The...

Pirates kidnap 20 Indians, spare Nigerian seafarer off Togo

It’s embarrassing Nigeria has become haven for piracy — NIMASA 

  The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside, has described as embarrassing pirate attacks on...