Nigeria can produce three million barrels of crude per day

The Minister of State, Petroleum Resources , Ibe Kachikwu, said that Nigeria is capable of producing…

101 illegal migrants nabbed in Lagos

No fewer than 101 alleged irregular migrants were on Tuesday apprehended and arrested by the Lagos…

NNPC introduces AspenOne software to boost refining operations

The Nigeria National Petroleum Corporation (NNPC) has introduced a software, `AspenOne Engineering’, to boost operations at…

Market conditions put pressure on NYK, MOL, K-Line 

The challenging market conditions in the container shipping industry continued to add pressure to Japan’s three…

2 seriously injured in scaffolding accident aboard ship 

Two crewmembers of the bulk carrier Shanghai Spirit were seriously injured in a scaffolding accident at Port Alma…

Agency to abolish special shipping requirements in Denmark

Out of the 33 special requirements that Denmark has for ships flying the Danish flag, four have been…

Trump appoints Republican to chair Federal Maritime Commission 

US President Donald Trump has replaced Democrat Mario Codero as chairman of the Federal Maritime Commission…

Work to begin on Nicaragua Canal in first quarter of 2017 

Construction of the controversial US$50 billion Nicaragua Canal is set to get underway in the first…

MOL’s nine month profits up to $163m

Mitsui OSK Lines (MOL) increased its nine-month earnings for FY2016 reporting profit of JPY19.03bn ($163.33m), but…

NYK hit by massive $2bn loss on impairments

Japan’s NYK slumped to a near $2 billion loss in the first nine months of FY2016…

MOL’s nine month profits up to $163m

Mitsui OSK Lines (MOL) increased its nine-month earnings for FY2016 reporting profit of JPY19.03bn ($163.33m), but…

NYK hit by massive $2bn loss on impairments

Japan’s NYK slumped to a near $2 billion loss in the first nine months of FY2016…