VLCC rates may edge up on floating storage, August charters

Freight rates for very large crude carriers (VLCCs) could creep higher as more ships are chartered…

Pollution problem in the Niger Delta

In the heady days of fiery quest for independence from the colonial masters spearheaded by the…

What is your take on Customs plan to reduce the time it takes for import and export procedures?

It is a welcome development but my fear is that the political will to carry it…

Keeping seafarers sane

By Michael Grey “Seafarers required – preference will be given to stolid, pragmatic anti-social candidates who…

Brazil starts inspection of old vessels

  Brazil has introduced a new inspection requirement in its ports, following a number of recent…

FG to sanction non-complying MDAs over Executive Order policy

The Federal Government has issued further directives to Ministries, Departments and Agencies (MDAs) on the full…

West Africa Crude: HPCL buys Nigerian, but diffs under pressure

An excess of light sweet crude continued to threaten Nigerian crude prices, though the reliability of…

Nigeria’s investor and black market FX rates near convergence

The rates at which Nigeria’s naira currency was traded in the investor foreign exchange window and…

EU will restrict visas for states not taking back migrants

The European Union states decided on Friday to restrict visas for foreign countries that refuse to…

VTP5/OTP2 Trainees’ Strike: NAIG directs Itsekiris in Chevron to down-tool June 28

The ongoing strike action by VTP5/OTP2 Operator/Maintenance Trainees in Chevron appears to be getting messier as…

Ex-NNPC workers protest at rights commission over N4bn pay

About 29 disengaged casual workers of the of the Nigerian National Petroleum Corporation (NNPC) on Thursday…

Court convicts two Brazilians for importing cocaine

A Federal High Court, Lagos, yesterday convicted two Brazilians, Lima Pereira Diego and Santos Marcia Cristina,…