FG to reduce agencies operating in ports to six

The Federal Government is currently working towards streamlining the number of agencies operating in the nation’s…

Court restrains Stella Oduah from operating company’s account in 21 banks

A Federal High Court sitting in Lagos has restrained Stella Oduah and Sea Petroleum and Gas…

2 suspected sea pirates arrested in Calabar

The Cross River Police Command says it has arrested two sea pirates raiding fishermen on the…

Major pipeline explosion rocks Rivers community

A major pipeline explosion has been reported around Eveko community near Rumuji, Emuoha Local Government Area…

Nigeria, others lose $5.8bn yearly to corporate tax waivers

The ActionAid Nigeria (AAN) says Nigeria loses $2.9bn annually to corporate tax waivers. The country director…

Barkindo sees higher compliance with oil cut

The Organisation for Petroleum Exporting Countries (OPEC) and outside producers including Russia will boost compliance with…

APM Terminals increases Port Elizabeth investment plans to $200m 

APM Terminals, in close dialogue with the bi-state shipping community, including the Port Authority of New…

Singapore the ‘big winner’ from container alliance reshuffle

The Port of Singapore is set to be the big winner on the Asia – Europe…

Surging steel price boosts scrap value of redundant containerships

A sharp increase in steel prices has prompted a new wave of vessel scrapping, bringing the…

Hanjin Shipping leaves behind massive debt trail 

Following Hanjin Shipping’s bankruptcy, the rate of debt recovery for unsecured creditors is expected to be close to…

Abu Sayyaf ‘likely’ behind Vietnam freighter attack

Filipino militants were likely behind an attack on a Vietnamese cargo ship in which one crew…

Mississippi ports eye Cuba, sign agreements in Havana

The Mississippi ports of Pascagoula and Gulfport signed agreements in Cuba on Monday with an eye…