A prosecution witness in the ongoing trial of former Director General, Nigerian Maritime Administration and Safety…
Category: News
Report: Pirates paid $400,000 ransoms in West Africa
Ransoms of up to $400,000 have been paid to gangs which hijacked ships in the Gulf…
CBN reports further decline in economic activities in April
The Central Bank of Nigeria (CBN) has released the Purchasing Managers Index for April, which indicated…
Customs arrests mastermind of officers, smugglers clash in Ogun
Following the bloody clash between officers of the Nigeria Customs Service (NCS) attached to the Ogun…
113 migrants from Nigeria, others die in shipwrecks
At least 113 people died in four shipwrecks between Libya and Italy at the weekend as…
Fire erupts in Egypt’s Port Said
A fire broke out at Egypt’s Port Said Monday night after a container ship hit a gantry crane…
Drewry: Shipowners forced to either cut rates or fleet
The current container market downturn is forcing some independent shipowners to either reduce charter rates to help save…
Four terminal operators pre-qualify for $500m Panama port
APM Terminals, Terminal Link, PSA International and Terminal Investment Limited have all pre-qualified for the future…
Daewoo Shipbuilding to land major Iran deal
Daewoo Shipbuilding & Marine Engineering (DSME) is close to inking a 1.3 trillion won ($1.1 billion)…
Big three shipbuilders fail to win orders in April
Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering, and Samsung Heavy Industries won no ship orders…
China Cosco Holdings hit by deeper loss of $692m in Q1
China Cosco Holdings Company has been hit by a deeper loss in the first quarter of…
Two smugglers arrested for fuel diversion
Two suspected smugglers of fuel have been arrested by officials of the Nigeria Security and Civil…