The Organisation of Petroleum Exporting Countries (OPEC) can no longer ignore the impact that financial markets…
Category: News
Cutting costs, keeping rates up key to container lines survival
While there was a slight rise in rates at the end of last year after the…
Baltic Index breaks 1,000-point mark amid rate growth
The Baltic Dry Index (BDI) has surged on Tuesday, March 7 to a new twelve-week high of…
Trump to cut Coast Guard budget
The Trump administration is proposing major cuts to the U.S Coast Guard and other agencies to…
DP World to handle The Alliance’s UK calls
Members of The Alliance have revealed plans according to which ten of their services will call…
Cosco Shipping Leasing secures in $290m loans from Chinese banks
Cosco Shipping Leasing, wholly-owned by Cosco Shipping Development, has secured loans worth RMB2bn ($289.7m) from China…
Piraeus port one of few successes in Greek privatiation programme
Privatisations have been a key plank of Greek international bailouts since 2010, but have reaped only…
Trump’s new executive order pose challenges to seafarers
Crew members who are nationals from Iran, Libya, Somalia, Sudan, Syria and Yemen shall be denied entry…
U.S. Ship changes course towards Iranian vessels
A U.S. Navy ship changed course towards Iranian Revolutionary Guard vessels in the Strait of Hormuz…
West Africa Crude-Trading slow as buyers hope for lower differentials
Trading was relatively slow as a pending tender from Indian Oil Corp. kept Nigerian barrels tied…
Lagos-Ibadan rail will boost Nigeria’s economy – Ajimobi, Amosun
Governors Abiola Ajimobi of Oyo State and Ibikunle Amosun of Ogun State have hailed the construction…
Customs FOU Zone ‘A’ intercepts contraband goods N713.8m
The Nigeria Customs Service, Federal Operations Unit (FOU), Zone ‘A’ Ikeja, Lagos, intercepted contraband…