Four men – Patrick Johnson, Muideen Badmus, Chike Obi and Paul Ogunbure, who hid themselves in…
Author: Ships & Ports
$1.1bn Malabu scam: FG wants Adoke arrested
The Federal Government on Monday approached the Federal High Court, Abuja, to seek guidance on whether…
Naira slumps to N395/Dollar
The naira on Monday depreciated further at the black market despite the commitment of the Central…
LCCI flays monetary policy recommended by IMF
The Lagos Chamber of Commerce and Industry (LCCI) says the tight monetary policy recommended for Nigeria…
AfDB approves $450m trade finance deal for Afreximbank
The Board of Directors of the African Development Bank (AfDB) has approved on $450 million Trade…
Somali pirates hijack Indian commercial vessel
Pirates have hijacked an Indian commercial ship off the coast of Somalia, the second attack in…
Shipping container price spike points to global trade growth
Prices for shipping containers, the metal boxes that carry 90 percent of the world’s manufactured goods,…
Search for 22 missing seafarers continues amidst fading hopes
Hopes of finding 22 crew members who have been missing for two days after a South…
Shell to fuel world’s first LNG-powered Aframax tankers
Russia’s SCF Group (Sovcomflot) has signed an agreement with Shell Western LNG B.V. (Shell) for the…
Qatar to drill biggest gas field after 12-year freeze
Qatar Petroleum plans to start a new development in the offshore North Field, ending a 12-year…
Hyundai Heavy to invest $3.1bn in R&D
Hyundai Heavy Industries (HHI) Group Monday said it will invest USD 3.1 billion in R&D by…
5 tips on how to reduce your shipping cost
1 . Negotiate with multiple shipping companies: All shipping companies have pricing schedules based on volume.…