How NIMASA project fund was diverted through contractor – Witness

A prosecution witness in the ongoing trial of former Director General, Nigerian Maritime Administration and Safety…

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…