The Minister of Finance, Kemi Adeosun, on Wednesday said that the nation was already getting out…
Author: Ships & Ports
OPEC to cut output by 750,000 barrels per day
The Organization of Petroleum Exporting Countries (OPEC) has agreed to cut production by 750,000 barrels a…
Maersk Line orders 14,800 new reefer containers
Maersk Line has ordered 14,800 reefer containers in 2016. This investment is driving the average age…
Cosco wins 35-year concession of Khalifa Port’s new terminal
Port developer and operator Abu Dhabi Ports has awarded a 35-year concession to build and operate…
First American shale gas shipment arrives UK
Britain’s first shale gas delivery from the United States sailed into a heated European political debate…
Global container volume on track for worst year since 2009
Global container volumes are on track for zero growth this year, which would mark the sector’s…
Finland takes delivery of world’s first LNG-powered icebreaker
Finland shipbuilder Arctech Helsinki Shipyard has delivered the most world’s first LNG-powered icebreaker to the Finnish…
South Korean court considering sale of Hanjin Shipping
The South Korean court overseeing Hanjin Shipping Co.’s receivership is considering a sale process for the…
Workers protest AMCON’s closure of Aero Contractors
Hundreds of employees of Aero Contractors Airline on Wednesday staged peaceful protest over the closure of…
Senate declines bailout for aviation sector
The Senate yesterday rejected proposal to give bailout fund to airline operators in the country. Moving…
Senators oppose Saraki, reject sale of NLNG, other national assets
Nigerian Senators Tuesday voted against the proposed sale of the country’s national assets including a 49%…
Nigeria’s foreign reserves plunge to $24.74bn
The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, says Nigeria’s foreign reserves have…