One dead, six missing as two cargo ships sink off Philippines

One crewman died and six have been reported as missing following the sinking of two cargo vessels off…

China’s richest man sees trade hit by Sino-U.S. tensions

China’s richest man, Wang Jianlin, said on Tuesday that rising tensions between the United States and…

Niger Delta militants blow up pipeline a day after VP visit 

Unidentified militants in the Niger Delta have blown up a crude oil trunk line in Ughelli,…

Trump Commerce pick Wilbur Ross to keep interests in shipping

Wilbur Ross, President-elect Donald Trump’s nominee for Commerce Secretary, has pledged to sell his stake in…

Importers to receive vehicles at bonded terminals – Customs

The Nigeria Customs Service (NCS) has said it will create bonded vehicle parks and terminals nationwide…

Crude proceeds rose by N22.84bn in Nov – NNPC 

Latest figures from the Nigerian National Petroleum Corporation (NNPC) have revealed that the country’s crude oil…

Panama Canal to reduce booking slots over delays

The Panama Canal Authority (ACP) plans to temporarily reduce the number of booking slots for supers…

Port of Antwerp confirms record annual haul

The Port of Antwerp closed 2016 with a record freight volume of 214,057,529 tonnes in 2016,…

Hong Kong container volumes fall below 20m TEU first time in 10 years

Despite a late push bringing a 14.3% rise in throughput to 1.8million TEU, to produce the…

PHOTOS: Fashola briefs Senators on closure of Abuja airport

Minister of Power, Works & Housing, Babatunde Fashola, on Tuesday January 17, 2017 briefed Nigeria’s upper…

Top quotes of the day

“Importation of petroleum products became unavoidable because there was no regular maintenance of the four government-owned…

Hanjin Shipping soars a day after exchange calls its stock ‘trash’

One day after a Korean stock exchange official called the shares of Hanjin Shipping Co. “trash,”…