Renowned economist, Bismarck Rewane, has urged the federal government to ensure that privatisation of the Port…
Category: News
50kg of cocaine seized aboard ship in Colombia
Colombian Navy and Police have seized 50 kilograms of cocaine hydrochloride transported on board a Panama-flagged…
Singapore rated as leading maritime capital of the world
The third edition of “The Leading Maritime Capitals” report was launched at Sea Asia in Singapore.…
Ex-militants urge Osinbajo to wade into arrears of unpaid stipends
Niger Delta ex-militant leaders, Thursday, implored the Acting President Yemi Osinbajo to consolidate the Federal Government’s…
Armed pirates attack Navig8 tanker in Gulf of Oman
Armed pirates aboard a skiff attacked an oil tanker underway in the Gulf of Oman on…
U.S. calls off search for missing crew member
The U.S. Coast Guard on Thursday suspended its search for the missing crew member of the Crosby…
Bumi Armada’s Q1 net profit more than doubled
Bumi Armada got off to a good start with its net profit in the first quarter…
Trafigura to hire 32 new tankers
Singaporean commodity trading company Trafigura Group revealed its plans to hire up to 32 newbuild crude…
HHI values orderbook at $3.8bn in five months
South Korea’s Hyundai Heavy Industries (HHI) announced that it has landed orders to build 62 ships…
Baltic Dry Index falls to lowest Level in three months
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, dropped…
National Roads Fund Bill prescribes multiple taxes for road users
There are indications that road users may face multiple taxes as Senate moves to pass the…
Osinbajo lauds Ayade’s industrial drive
The Acting President, Prof. Yemi Osinbajo, on Thursday, commended, Gov. Ben Ayade of Cross River for…