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…

Samsung Heavy and MOL to Build Half-Dozen Liquefied Ethane Carriers

Japan’s Mitsui OSK Lines Ltd (MOL) will supervise the construction of six new very large ethane…

LCCI flays Customs over hike in invoice values

The Lagos Chamber of Commerce and Industry (LCCI) has petitioned the Presidency and the Coordinating Minister…

NISA to collaborate with Turkish shipowners over shipyards, passenger ships, others

The Nigerian Shipowners’ Association (NISA) has entered into a working relationship with the Turkish Shipowners’ Association…

Navy arrests 5 suspected oil thieves in Lagos

The Nigerian Navy yesterday in Lagos said that it arrested five suspected oil thieves and recovered…

Nigeria oil exports to dip in February

Nigerian crude oil exports in February are set to fall to around 1.87 million barrels per…

Oil price decline not a surprise –NACCIMA

The decline in crude oil prices did not come as a surprise as it had been…

Non-oil export revenue drops by 34%

The total earnings from non-oil exports dropped by 34 per cent in just one month, the…

JTF seizes 53 vessels, 200 barges, destroys 840 illegal refineries in 8 months

The Joint Task Force (JTF) in the Niger Delta, Operation Pulo Shield, said it impounded 53…

Importers condemn suspension of cargo flights to MMIA

Importers who receive their goods at the Murtala Muhammed International Airport, Lagos have lamented the suspension…

First commercial vessel call at APM Terminals New Maasvlakte II facility

The 4,360 TEU capacity Sealand Eagle became the first container vessel to call the new Maasvlakte…