CBN’s forex intervention, artificial – Economist

The Central Bank of Nigeria (CBN) has been cautioned that its current foreign exchange (forex) intervention…

CBN to offer $100 million in forwards on interbank market

The Central Bank of Nigeria (CBN) said on Wednesday it will sell $100 million in currency…

OPEC’s Barkindo pushes cooperation with financial players

The Organisation of Petroleum Exporting Countries (OPEC) can no longer ignore the impact that financial markets…

Cutting costs, keeping rates up key to container lines survival

While there was a slight rise in rates at the end of last year after the…

Baltic Index breaks 1,000-point mark amid rate growth

The Baltic Dry Index (BDI) has surged on Tuesday, March 7 to a new twelve-week high of…

Trump to cut Coast Guard budget 

The Trump administration is proposing major cuts to the U.S Coast Guard and other agencies to…

DP World to handle The Alliance’s UK calls

Members of The Alliance have revealed plans according to which ten of their services will call…

Cosco Shipping Leasing secures in $290m loans from Chinese banks

Cosco Shipping Leasing, wholly-owned by Cosco Shipping Development, has secured loans worth RMB2bn ($289.7m) from China…

Piraeus port one of few successes in Greek privatiation programme 

Privatisations have been a key plank of Greek international bailouts since 2010, but have reaped only…

Trump’s new executive order pose challenges to seafarers 

Crew members who are nationals from Iran, Libya, Somalia, Sudan, Syria and Yemen shall be denied entry…

U.S. Ship changes course towards Iranian vessels

A U.S. Navy ship changed course towards Iranian Revolutionary Guard vessels in the Strait of Hormuz…

Top quotes of the day

“I lost four cars because I could not clear them before the deadline given by government.”…