Samsung Heavy Industries Q3 profit plunges 71%

  Samsung Heavy Industries (SHI) has recorded a fall in profit in the third quarter ended…

Hyundai Heavy posts $398m loss in Q3

  South Korean shipbuilding giant Hyundai Heavy Industries (HHI) reported a net loss of KRW 451.4 billion…

Ships & Ports obtains exclusive pictures of MT Tank and MT Elixir ships collision in Warri

  At least nine persons are still missing or dead when a Nigeria-owned self-propelled barge collided with…

NIMASA optimistic of rescuing trapped victims of vessel collision

  The Nigerian Maritime Administration and Safety Agency (NIMASA) said rescue operation was underway for victims…

FG suspends licence issuance for new vehicle assembly plants

  The Federal Government has suspended issuance of licence to new vehicle assembly plants. The Director…

Nigeria gets EU’s deadline on banned agric produce

  The European Union (EU) has given Nigeria up to June next year to get her…

Nigeria’s crude oil prices dip to two months low

  The prices of Nigeria’s crude oil grades have recorded significant decline over the last two…

Buhari inaugurates panel on parastatals’ reconstitution

  President Muhammadu Buhari, has inaugurated the Presidential Committee on the reconstitution of Federal Government Boards…

Loading of petrol commences at Ejigbo, Mosinmi depots

  Oil marketers have commenced lifting petrol at Ejigbo depot in Lagos and Mosinmi depot in…

Women advocate more representation in Buhari’s government

  As he sets to constitute his cabinet, President Muhammadu Buhari has been called upon to…

Maersk Oil to cut up to 12% jobs to reduce costs amid oil price slump

  Maersk Oil, part of Danish conglomerate A.P. Møller-Maersk A/S, is planning to enforce job cuts…

124 injured in Hong Kong ferry accident

  124 passengers on board a high-speed ferry en route from Macau to Hong Kong were injured,…