Wilbur Ross sworn in as U.S. Commerce Secretary 

Billionaire investor Wilbur Ross was sworn in as U.S. commerce secretary on Tuesday after helping shape…

Demand for Iranian crude shipments doubled since sanctions lifted

Foreign demand for Iranian crude has more than doubled since sanctions against Iran were lifted early…

Hyundai Merchant forms alliance with smaller local rivals 

Hyundai Merchant Marine Co., a major South Korean shipping line, and two local shipping firms Tuesday…

America set to export first LNG on behalf of Canada

A year after shipping its first cargo of shale gas overseas, the U.S. is looking to…

Longshoremen call off strike, seek audience with congress

The International Longshoremen’s Association (ILA) urged its members not to stage any strikes as the union…

Bumi Armada hit with $247m impairment on OSV fleet value

Malaysian oil and gas company Bumi Armada was the latest to take a hit from poor…

Clarksons: Product tanker fleet enters moderate growth era

Product tanker orderbook has dropped to its lowest level in nearly 17 years as it was equivalent…

Oman’s oil exports to China fall 30% in January

As the sultanate cut its oil output from January to comply with a deal between OPEC…

Breaking: Truck kills maritime journalist in Lagos

A truck this afternoon knocked down and killed a maritime journalist, Segun Agbolade, in the Trinity…

PHOTOS: See the scores of tricycles, motorcycles, vehicles and other items recovered from Dikko

  The Economic and Financial Crimes Commission (EFCC) has recovered items worth millions of naira from…

NAFDAC smashes producers of fake Peak Milk, water for injection

Following intelligence received on a transport vehicle containing suspected counterfeit Peak Milk products bound for Lagos…

Dollar shortages curb Nigerian private sector growth – CBN

Nigerian private sector activity slowed in February as new orders and production levels fell due to…