Managing Director of Sifax Group, John Jenkins met with journalists on Tuesday in Lagos to brief…
Author: Ships & Ports
Boxship orderbook ratio drops to lowest level in 17 years
The containership orderbook, measured as a percentage of the existing fleet, has fallen to its lowest level…
NAF resumes bombardment of vandals in Ogun
The Nigerian Air Force has resumed the aerial bombardment of hideouts of the vandals in the…
Militants vow to wreak maximum havoc in Niger Delta
A militants group which calls itself Forest Soldiers aka Isaac Boro Last Born, which on Monday…
Value of second-hand vessel sales halved in July
A total of USD 1.6 billion was spend on second-hand vessels in July 2016, compared to USD…
Lawsuits pile up against ailing STX Shipbuilding
South Korea’s financially troubled shipbuilder STX Offshore & Shipbuilding is facing some 25 civil lawsuits amounting to…
Uncertainty over revival of Greek port and shipyard cluster
The future was looking so bright for Greece’s Piraeus cluster at the beginning of July. Xu…
Transocean profits dwindle as customers cut offshore drilling
Transocean Ltd.’s profit dwindled in the second quarter as the world’s largest offshore driller struggles to…
Keppel ‘strongly denies’ report alleging approval of bribery by top execs
Singapore’s Keppel Corp has staunchly defended allegations from a media report that its senior management backed…
ZIM is most reliable carrier in 2nd quarter
Israel’s cargo shipping company ZIM Integrated Shipping Services Ltd. was the most reliable carrier during the…
Asian bookings of West African crude to slip lower in August
Cargoes of West African crude oil sailing east are on track to fall in August on…
Of legislators and ‘Vagabonds in Power’
By Yinka Adeosun Thirteen years after the enactment of the Lagos State Street Trading and Illegal…