The huge amount spent on the importation of petroleum products is putting serious pressure on the naira,…
Author: Ships & Ports
Customs chief inspects ECOWAS/EU project at Seme border
The Controller of Nigeria Customs Service, Seme Command, Victor Dimka, has inspected the on-going project by the…
Photo: NAPIMS team visit to LADOL Base
L-R: General Manager NIPEX-NAPIMS, Engr. Kanayo Odoe; Managing Director of LADOL, Dr. Amy Jadesimi; General Manager…
US Customs seizes $2m cocaine found in container
Some 154 pounds of cocaine were seized during an inspection of a container vessel at Port Everglades, Florida,…
Leading Greek shipowners hit by low share prices
Two of Greece’s better-known names have again been in the headlines as they struggle to come to…
Tanker rates projected to tumble towards year end
The influx of tonnage is expected to drive down tanker shipping rates towards the end of the…
India to develop Iranian port with $150m
India’s government Thursday cleared $150million of Exim Bank credit to further develop the Iranian Port of Chabahar,…
China claims South China Sea defences ‘absolutely necessary’
China’s defences in the South China Sea are “absolutely necessary”,Beijing said Thursday, as it accused the…
Confusion looms over succession for Evergreen
The passing of Chang Yung-fa, founder of Taiwan’s conglomerate Evergreen Group, has now left his empire facing…
FG extends port concession agreements, to float new national carrier with Cabotage vessel fund
The Managing Director of Nigerian Ports Authority, Mallam Habib Abdullahi yesterday disclosed that some port concession…
Akpobolokemi, Olopoenia’s alleged N754.7m theft case stalled
An Igbosere High Court in Lagos yesterday adjourned till February 29, the trial of a former…
Navy rescues hijacked MV Bourbon off Brass
The Nigerian Navy has rescued a hijacked vessel MV Bourbon. The Navy said it was stepping…