Two tankers carrying three million barrels of Nigerian and Angolan crudes set sail this month to…
Category: News
Drewry: Ballast Water Management regulation to trigger further scrapping in tanker shipping market
Weakness in freight rates will increase tanker shipping demolitions over the next two years, with the…
South Asian yards break 85% of end-of-life ships
Out of the 144 end-of-life ships which were sold for breaking in the third quarter of…
India eyes development of new ports
India is looking to develop a number of new and small ports for commercial shipping transportation,…
China Exim Bank to spend $1bn on Nigeria’s economic zones
The Minister of Industry, Trade and Investment, Okechukwu Enelamah, said that the Export-Import Bank of China…
240 migrants perish in Mediterranean Sea off Libya coast
More than 240 people have died in boats in the Mediterranean Sea this week, according…
FG to settle N300bn outstanding export claims 2017
The Federal Government on Thursday revealed that it would resume the implementation of the Export Expansion…
FG working to reduce cost of crude production – Kachikwu
The Minister of State for Petroleleum Resources, Dr Ibe Kachikwu, has said his tenure will work…
Manufacturers lost N500bn to CBN’s forex policy, MAN
The Manufacturers Association of Nigeria (MAN) on Thursday said Central Bank of Nigeria’s flexible exchange rate…
Total makes $10bn investments in Nigeria in five years
The Managing Director, Total Exploration and Production, Nigeria Limited, Mr. Nicolas Terraz on Thursday said the…
100 missing after migrant boat capsized in Mediterranean
Around 100 people are missing feared drowned in the Mediterranean after a migrant dinghy capsized off…