Hyundai Heavy wants 5,000 workers to take ‘voluntary’ unpaid leave  

Due to insufficient workload, South Korean shipbuilder Hyundai Heavy Industries (HHI) has been faced with over…

Death tolls rise to 41 in two Brazil boat wrecks

The death toll from two separate ferry wrecks in Brazil surged on Thursday, with a total…

Seadrill decides on Chapter 11 bankruptcy Sept 12 

Offshore driller Seadrill plans to launch a long-awaited Chapter 11 debt restructuring by Sept. 12, aims to…

North Korea’s trade with China hit by sanctions

China’s imports from North Korea slowed in July while its exports to the sanctions-hit country dwindled…

CMA CGM very large boxship makes record breaking Panama Canal transit 

The 14,863 teu CMA CGM Theodore Roosevelt on Tuesday became the largest vessel to transit the new locks,…

Iraq detains bulker after deadly collision

At least four people died and seven are reported missing after the 48,200 DWT bulker Royal…

Buhari signs treaty to extradite, prosecute Nigerians who launder money in UAE

President Muhammadu Buhari has signed an agreement with the United Arab Emirates (UAE) that will strengthen…

Top quotes of the day

“We have shown in Nigeria that whatever problems we have, we can resolve them.” Vice President…

Court arrests Oando’s oil rigs over N4.7bn debt 

A Federal High Court sitting in Port Harcourt, Rivers State has ordered the arrest and detention…

NPA seeks collaboration to attract investments 

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman says the organization will collaborate…

LASTMA establishes ‘operation keep traffic moving’ to ease Apapa gridlock 

The Lagos State Traffic Management Authority (LASTMA) on Wednesday, said it had established “Operation Keep Traffic…

Shell begins gas production in Niger Delta

Royal Dutch Shell, British-Dutch oil and gas company, says it has started gas production from the…