After South Korea launched a KRW 11 trillion (USD 9.5 billion) worth fund for state-run banks,…
Category: News
Leading 51 China yards take 96.5% of new orders in first five months
Fifty-one leading Chinese shipyards, mostly subsidiaries of the two state-owned shipbuilders China Shipbuilding Industry Corp (CSIC)…
Evergreen Marine gets 20-year extended lease of Panama’s Colon terminal
Taiwan’s Evergreen Marine Corp announced it has won an approval to extend its lease of the…
Navy recover vessel used by hijackers
Four months after pirates hijacked an oil tanker, MT MAXIMUS, the Nigerian Navy has recovered a…
Niger Delta Avengers threaten to sink ships
As militants step up their attacks on oil company installations in the Niger Delta, they have…
Lagos warns boat operators against blackmail
The Lagos State Waterways Authority (LASWA) has warned boat operators in the state against blackmailing the…
Niger Delta militancy: Reps propose supplementary bill to fund Navy equipment
The Chairman of the House Committee on the Nigerian Navy, Abdulsamad Dasuki on Wednesday urged the…
Nigeria lost billions of dollars to sharp practices in oil, gas in 2013- NEITI boss
The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Waziri Adio, said Nigeria lost billions of…
Egypt detains ship for launching drone in Suez Canal
A recent incident involving a drone in the Suez Canal is causing a marine insurance company to…
Auditors expose USD1.28bn accounting fraud at Daewoo shipbuilding
An accounting probe launched into the financials of the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co.…
CMA CGM confirms partnership with PSA Singapore
French container shipping company CMA CGM and PSA Singapore Terminals (PSA) have confirmed that they will establish form…
China, Iran to jointly build oil terminal in Persian Gulf
China and Iran have signed a contract to jointly establish an oil terminal on Qeshm Island…