International Oil Companies (IOCs) in the Joint Ventures production are being owed $7 billion by the…
Category: News
Italian court upholds Costa Concordia Captain’s 16-year prison sentence
A 16-year prison sentence for the former captain of the Costa Concordia cruise liner for his…
French survey vessel detects pings from crashed EgyptAir plane’s black box
A French search vessel has picked up signals from one of the black boxes of EgyptAir…
China detains tanker in oil smuggling probe
Hong-Kong-flagged CSC Friendship has been detained by Chinese officials within an investigation into suspected tax evasion on…
Chinese teenager found in airliner luggage hold at Dubai airport
A 16-year-old Chinese was found hiding in the cargo hold of an airliner at Dubai airport,…
Oil tankers carrying U.S. crude in limbo off Venezuela
Four tankers carrying over 2 million barrels of U.S. crude are stuck at sea and cannot…
DP World: Not ruling out U.S. port acquisitions
DP World isn’t ruling out another attempt to acquire a U.S. port terminal, though the company…
China P&I Management launches in Shanghai
China’s first mutual insurance association China P&I Management Company has been officially launched in Shanghai on…
U.S. East Coast port volumes slump
Cargo volumes at U.S. East Coast’s two largest ports fell in April compared with a year…
We support government’s regulation of port operation – STOAN
The Seaport Terminal Operators Association of Nigeria (STOAN) has said that it fully supports government’s regulation…
NBS: Nigeria’s import/export trade plunges by 23% as country records negative trade balance
Nigeria’s economic woes is far from over if new data from the National Bureau of Statistics…
Militants threaten ‘bloody’ attacks on oil firms, military
The Niger Delta Avengers (NDA) on Tuesday threatened to begin bloody attacks against oil companies, their…