India arrests Nigerian with N61.5m cocaine 

A Nigerian suspected to be a member of an international drug cartel has been arrested by…

Christine Lagarde quits as IMF boss

Managing Director of the International Monetary Fund (IMF) Christine Lagarde announced in a statement on Tuesday…

20 tons cocaine bust: U.S. releases MSC Gayane on $50m bond  

U.S. authorities have released MSC Gayane, the ship caught with one billion dollars worth of cocaine…

Passenger dies after evacuation off Philippines

A passenger of a roll-on/roll-off (roro) vessel died after being medevaced off Cebu, Philippines, on July…

Maersk’s one hundred years in the USA

The first Maersk company in the United States was established on 7 July 1919 by ship-owner…

Nigeria’s Inflation rate drops by 0.18 percentage points 

The National Bureau of Statistics (NBS) on Monday released the consumer price index, which measures inflation…

Denmark becomes country with fifth largest merchant fleet

Denmark has again improved its place on the list of the world’s largest shipping nations, surpassing…

Gibraltar gives condition for release of Iranian oil tanker 

Gibraltar and the UK would facilitate the release of the detained Iranian crude oil carrier Grace…

EU agrees sanctions on Turkey over drillship in Cyprus EEZ

As Cyprus-back and Turkish drillships anchored near each other, European Union states have agreed on sanctions…

Container throughput at Shanghai ports rise by 5.1% in six months 

Container throughput at China’s Shanghai port has risen by 5.1% in the first half of this…

Inflation rate drops to 11.22%

The National Bureau of Statistics (NBS) on Monday released the consumer price index, which measures inflation…

Navy arrests 11 smugglers, seizes 483 bags of rice

The Nigerian Navy Forward Operating Base located at Ibaka, Mbo Local Government Area of Akwa Ibom,…