FEC Okays N1.1b For Rail Lines

THE Federal Executive Council (FEC) rose from its weekly meeting Wednesday with the approval of N1.1billion…

Global economy may lose billions to ocean acidification, UN report warns

A UN report says the global economy could be losing as much as one trillion dollars…

Hijackers Release Vietnam Tanker After Diesel Fuel Theft

Pirates released a Vietnamese oil tanker and its 18 crew members yesterday after siphoning part of…

Maersk chief Andersen urges industry to order less ships

Despite growing global protectionism AP Moller – Maersk chief Nils S Andersen said they expect container…

TSAKOS tanker MT ARION Rescues Immigrants at Sea off Libya

On 02 October 2014 at 22:30 local time whilst MT ARION of Liberia Flag, DWT 39.378…

Transas ECDIS chosen by Maersk Tankers again

The IMO requirement has phased installation of ECDIS on board all ships, beginning July 2012. Maersk…

SCI to tap South-East Asia to boost liner trade

The Shipping Corporation of India is seeking to expand coastal shipping and trans-shipment of goods and…

Worldscale announces 2015 bunker prices, ECA fixed rate differentials

The Worldscale Association has announced new bunker prices and fixed rate differentials for 2015, which will…

Missing Vietnamese oil tanker believed hijacked

A Vietnamese oil tanker missing for five days may have been hijacked after sailing from Singapore…

New Suez Canal to nearly double capacity

Improvements to the Suez Canal announced in August are expected to provide a near tripling of…

Firm warns Nigerians against buying recalled cars

Nigeria’s online car market place, Carmudi has warned Nigerians against purchasing used and recalled cars. Recalled…

Yuletide: Customs warn smugglers to stay clear of border post

As the countdown to the yuletide season begins, Zonal Coordinator in charge of Zone ‘A’ of…