ExxonMobil extends contract for Maersk drillship at a fraction of original rate

Maersk Drilling says it has been awarded a 150-day contract extension by ExxonMobil for the ultra-deep…

US ports get funds for deepening projects

The US is investing in deepening projects to allow for the arrival of ever bigger ships…

Dubai mulls $1bn shipping investment fund

Dubai Maritime City Authority (DMCA) is considering setting up a USD 1 billion fund to boost investments…

Shipping lagging behind in CO2 reduction, says IEA 

The shipping industry will have to commit to more ambitious policies, and fast, if it wants to get on…

Top quotes of the day

“… Vehicle Inspection Officers have been asked to stay off our roads permanently. We also advice…

Pastor Osinbajo says fasting and prayer won’t grow Nigeria’s economy

Acting President Yemi Osinbajo says Nigeria’s economy will not grow by fasting and prayer but by…

Maritime Cup: Customs, Navy set up epic final match 

The Nigerian Navy and the defending champions, Nigeria Customs Service (NCS) have qualified for the finals…

Amaechi seeks less government involvement in port operation, economy

Minister of Transportation, Rotimi Amaechi, has called for total reforms of the Nigerian economy by reducing…

NDDC has failed Niger Deltans – Jonathan

Former President Goodluck Jonathan has criticised the Niger Delta Development Commission (NDDC), saying the agency has…

Ban on overland rice import remains – Customs

The Nigeria Customs Services (NCS) insists the ban on rice import over land borders remains in…

Okonjo-Iweala: You can’t achieve growth if you have forex distortions

Nigeria’s former Minister of Finance, Ngozi Okonjo-Iweala, says growth and development cannot be achieved when a…

UK deports 35 Nigerians

The Government of the United Kingdom on Wednesday deported 35 Nigerians for committing immigration-related offences in…