South Korea is in the process of easing blending restrictions at its oil storage terminals as…
Category: News
Global shipyard capacity down by 62%
The number of active shipyards on a global scale has dropped by 62 percent since the…
U.S. warship Fitzgerald likely at fault in collision with containership
The crew of the USS Fitzgerald was likely at fault in the warship’s collision with a…
New alliances affect Malaysian port throughput
Malaysian port operator Westports Holdings Berhad saw a 5 percent decline in its total throughput volumes during…
Baltic Dry Index hits two-month high
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on…
Svitzer wins work at Bangladesh’s 1st LNG import terminal
Excelerate Energy Bangladesh Limited (Excelerate) has awarded Svitzer a fifteen-year contract to provide marine support services…
CBN replies Senate, says not selling dollars
The Central Bank of Nigeria (CBN) on Friday reacted to claims by the Senate that it is selling…
Air Peace denies delaying flight for FIRS chairman Tunde Fowler
Air Peace has refuted a media report alleging that the Chairman of the Federal Inland Revenue…
Onagoruwa, former Justice Minister, dies at 80
A former Attorney-General of the Federation and Minister of Justice, Dr. Olu Onagoruwa, is dead. According…
Nigeria to export 400 locally made vehicles to Mali
The Charge‘d Affair of Nigeria in Mali, Yara Abdulsalam, says an indigenous motor manufacturing company, Innoson…
Nigerian arrested for alleged credit card fraud in Canada
The Economic and Financial Crimes Commission has arrested Yusuf Balogun Alabi, a suspected credit card fraudster,…
Oil falls on report showing OPEC deal compliance falling in July
Oil prices fell on Friday after a consultancy report forecast a rise in OPEC production for July despite…