Food import bill declines to N466bn, says Fed Govt

The Federal Government has said the country’s food import bill has declined to N466 billion in…

FG signs MoU with 9 oil companies to supply gas for power generation

The Federal Government in Abuja on Tuesday signed a Memorandum of Understanding (MoU) with nine oil…

Oil Price fall: PENGASSAN, NUPENG criticise FG’s austerity measures

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has advised political office holders…

Expert seeks restructuring of Nigeria’s shipping industry

A Marine Engineer, Mr Olu Akinsoji, on Tuesday urged the Director-General of the Nigerian Maritime Administration…

Shipping traffic increases 300% in just 20 years as pollution levels soar

Maritime traffic on the world’s oceans has increased four-fold over the past two decades with the…

SSI highlights rise of the ‘sustainable shipper’

The Sustainable Shipping Initiative (SSI), a pioneering coalition of companies from across the global shipping industry…

South Korea launched new agency to replace disbanded Coast Guard

South Korea launched a massive new government agency this week to handle emergency rescue and safety…

China, Australia sign landmark free trade deal

China and Australia on Monday signed a declaration of intent on a landmark free trade deal…

Slew of bunker tankers arrested in Singapore

A slew of bunker tankers were arrested in Singapore over the weekend including one vessel on…

All eyes on China for tanker market in 2015

The outlook for the tanker market for 2015 will depend on whether the Chinese will continue…

FMC warns on labour unrest over container congestion surcharge

The US’ Federal Maritime Commission (FMC) has clarified its tariff rules as container lines warn of…

Customs begins weekend operation at Apapa to clear backlog of containers

In a bid to clear the backlog of consignments stuck at the Lagos Port Complex (LPC),…