The seven publicly listed pure containership leasing companies lost 48% of their market value in 2015,…
Author: Ships & Ports
We investigated NIMASA for 10 months before arresting Akpobolokemi, others – EFCC boss
Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has said that he is…
New Customs controllers assume duties, pledge improved revenue
The new Customs Area Controllers recently redeployed to the various commands by the management of the…
Manufacturers decry scarcity of raw materials induced by forex restriction
Manufacturers of tomato paste products in Nigeria have decried the shortage of the triple concentrate tomato…
UAE Minister counters Kachikwu, says no need for OPEC emergency meeting
The United Arab Emirates (UAE) moved to quash talk of a potential emergency meeting of the…
Navy hands over 11 suspected oil thieves to I-G
The Nigerian Navy (NNS) in Delta has handed 11 crew members of the MT CAMILLE apprehended…
28 ships laden with petroleum products, foods expected in Lagos
28 ships laden with petroleum products, food items and other goods are expected to arrive Apapa…
Obama announces suspension of South Africa from trade benefits
U.S. President, Barack Obama yesterday said America would suspend duty-free benefits for South Africa on March…
New IMO Secretary-General sets out his agenda
Kitack Lim of South Korea has issued a message outlining his priorities as the new Secretary-General…
Shanghai remains world’s busiest container port with 36.54m TEU in 2015
China’s Shanghai port has retained the number one spot as the world’s busiest container port after…
U.S. Navy says video shows Iranian Navy firing rockets near warships in Strait of Hormuz
The U.S. Navy released black-and-white video on Saturday it said was taken by an American helicopter…
Maersk Line cost-cutting includes significant fleet reduction
Maersk Line, the world’s largest container shipping company, is responding to difficult conditions in the shipping…