Nigeria approves 3-year budget plan, WTO trade facilitation agreement 

The Federal Executive Council (FEC) on Wednesday in Abuja approved the Medium Term Expenditure Framework (MTEF)…

NNPC losses 560,000 barrels of crude to vandals 

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said it lost 560,000 barrels of crude oil…

ITF slams North Sea oil’s ‘secretive corporate structures’  

The International Transport Workers Federation (ITF) is slamming offshore oil companies operating in North Sea after…

Iran yet to decide on OPEC limits

Iran has yet to take any decision on whether to set a ceiling on oil production…

Hapag-Lloyd exposes UASC’s financial woes and $4bn debt ahead of merger

A dramatic 21-page dossier sent to Hapag-Lloyd shareholders ahead of the German line’s annual meeting on…

Croatian shipyards deliver new ships to Iceland, Norway

Until now, such ships were only produced at Chinese shipyards. This month, two new ships built…

Höegh Autoliners names latest newbuilding

The fifth vessel in Höegh Autoliners’ New Horizon class series was Wednesday named Höegh Traveller at…

Singapore bunker market players establish new association

Singapore’s bunker market has formed a new industry association, Association of Bunker Industry (Singapore) (ABIS), to…

Korean govt, UN join forces on port development   

The Korean government and the United Nations Economic and Social Commission for Asia and the Pacific…

Nigeria lost N51.28 billion to pipeline vandalism in 2015 – NNPC

  The Nigeria National Petroleum Corporation (NNPC) Wednesday lamented the growing incidence of pipeline vandalism in…

One killed, 4 houses burnt in Benin fire accident

  More than four houses gutted by fire Wednesday morning at Upper Mission junction along the…

How Maduekwe ‘reunited’ Patience Jonathan with her ‘son’ Amaechi 

  The burial of a former Minister of Transport, Chief Ojo Maduekwe, at his hometown in…