Daewoo Shipbuilding to cut 22% of workforce in another restructuring plan

South Korea’s Daewoo Shipbuilding & Marine Engineering Co. has launched another downsizing program ahead of additional…

Canadian ports set to take market share from US counterparts 

The debacle at the US west coast ports last year has presented an opportunity for Canadian…

UK ports detain 3 foreign flagged vessels in November

Three more foreign flagged vessels were detained in UK ports during November 2016 after failing Port…

Shanghai maritime court orders firm to pay ship crew

Shanghai Maritime Court has ordered the owner of the crude oil tanker Amba Bhakti to pay…

Korea’s ‘Big 3’ shipbuilders suffering from delayed offshore plant deliveries

Korea’s “Big 3” shipbuilders are suffering from a curse of low oil prices. They are suffering…

VLCCs rates set to slide ahead of holidays

Freight rates for very large crude carriers (VLCCs), which are hovering close to the multi-month highs…

Creating and enforcing right policies for maritime growth

The need for making and enforcing effective policies to drive development of a country’s economy cannot…

Egg eaters don’t know how tough it is to lay one

By Bolaji Akinola Last year was bad for the operations of shipping lines and port operators…

How can Nigeria become a maritime hub?

Firstly, we must make sure that our ports in Nigeria are very competitive. This is because…

Wilbur Ross brings to commerce resume spanning shipping, profit and politics

Wilbur Ross, who as Donald Trump’s commerce secretary will be the voice of U.S. business, made…

Ban of imported rice in Ebonyi

Last week, reports filtered in that the Ebonyi State Government has put on top gears its…

Navy destroys militant camps, arrests suspects in Bayelsa

The Nigerian Navy has dismantled some active militant camps and arrested some suspected militants and oil…