Drewry: Idle containership fleet surges amid overcapacity

The number of idle containerships increased from 238 vessels with a combined capacity of about 900,000…

Recession: AfDB approves $600m to boost Nigeria’s economy

The Board of the African Development Bank (AfDB) has approved the sum of $600 million to…

Shipping alliance prepares contingency plans for another bankruptcy 

In the wake of the Hanjin bankruptcy, THE Alliance has devised a “catastrophic instrument” funding mechanism,…

UK to find place of refuge for burnt bulker 

A salvage control unit (SCU) has been established to discuss a place of refuge for the 2015-built…

Sea Shepherd ships set sail on whale defense campaign

  After final preparations in Australia, two Sea Shepherd vessels are now on their way to…

Group lauds MD FAAN for improved operation in airports

A civil society group under the aegis of Initiative for Leadership and Economic Watch has lauded…

BREAKING NEWS: Buhari bans importation of vehicles through land borders 

President Muhammadu Buhari has banned the importation of all types of vehicles into the country through…

Nigerian freight forwarders only know how to bribe Customs – Usoh

The former Managing Director of Nigerian Shippers’ Council (NSC), Dr. Kingsley Usoh has accused Nigerian freight…

Despite change of name, Customs officers desert empty Lilypond terminal 

Notwithstanding the change in its name Lilypond Customs Command to Tin Can Island Command 2, the…

Navy on high alert for criminals in maritime sector

The Chief of Naval Staff (CNS) Rear Admiral Ibok-Ete Ibas has ordered all naval formations in…

$2.6bn Badagry deep seaport will boost maritime industry – Ambode

Gov. Akinwunmi Ambode of Lagos State said the maritime industry would witness a major boost with…

EFCC arrests illegal oil vessel at point of discharge

The Economic and Financial Crimes Commission (EFCC) says its operatives have arrested an oil vessel off-loading…