The U.S Energy Information Administration (EIA) has estimated that members of the Organization of the Petroleum…
Author: Ships & Ports
Palm oil producers seek withdrawal of 75% import duty waiver
Local palm oil and vegetable producers in the country have demanded that the Federal Government withdraw…
Two drown, four missing after ships collide off Italy
Two people drowned and four were missing at sea and feared dead after two merchant ships…
Libya begs Italy for help on oil tank fires
Libya has called on Italy to send fire fighters to prevent a fire spreading out of…
Hundreds trapped as ferry burns in heavy seas off Greece
Italian and Greek helicopter crews worked into the night to airlift passengers off a burning ferry…
Panama Canal expansion consortium claims additional cost overruns
The consortium working on the extensive Panama Canal expansion has submitted two new claims for cost…
Saudi budget assuming $80 crude seen as belief in market rebound
Saudi Arabia’s 2015 budget is probably assuming an oil price of $80 a barrel, and will…
First quarter of 2015 ‘ll be rough for businesses, economy
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has said that that…
Passengers stranded at Lagos domestic airports
Hundreds of intending passengers were yesterday stranded at the two domestic Lagos airports over hike in…
Oil spill threatens Black Sea coastline
A leak on Tikhoretsk-Tuapse-2 pipeline caused an oil spill in the Black Sea, close to Russia’s port of Tuapse,…
U.S. shipping stocks seen returning 59%
U.S. marine shipping stocks are poised to see their shares climb 59 percent in the next…
Mitsubishi Heavy considering splitting off shipbuilding business
Japan’s Mitsubishi Heavy Industries Ltd (MHI) said on Wednesday it was considering a range of options…