OOCL compensates lower TEU revenue with volume

Hong Kong-headquartered ocean carrier, Oriental Overseas Container Lines (OOCL) handled 5,585,516 TEUs in 2014, an increase of 5.5%…

AAPA disappointed with proposed port-related budget

The American Association of Port Authorities (AAPA) is disappointment over the funding levels and programmatic changes in federal…

Petrobras’ top management resigns in Brazil corruption case

Petroleo Brasileiro SA Chief Executive Officer Maria das Gracas Foster and five of her top managers…

EFCC arrests Labinjo, wife over $6.5m ship purchase scandal

Embattled President of the Nigerian Shipowners Association of Nigeria (NISA), retired Capt. Niyi Labinjo and his…

Crude export to rise by 150,00bpd as Shell reopens Nembe pipeline

Nigeria’s crude oil export is set to increase by about 150,000 barrels per day, as Shell…

Nigeria must reduce importation to strengthen naira, says CBN Governor

Last Tuesday, members of the economic and business community converged on the prestigious Intercontinental Hotel, Lagos,…

2m people use water transport every month in Lagos, says agency

Despite the increased boat mishaps that occurred in the country last year, no fewer than two…

New Nicaragua waterway to dwarf Panama canal

In Nicaragua, a Chinese company is busy building what will become one of the world’s largest…

Chevron tightens belt as $40bn makeover sweeps oil sector

Chevron Corp. halted share buybacks, slowed work on new projects and announced the biggest spending cut…

16 ships detained on hours of rest deficiencies in Paris MoU

Preliminary results from the Concentrated Inspection Campaign (CIC) on STCW Hours of Rest, carried out between…

Dozens missing as migrant boat capsizes in Yemen

At least 35 people are missing after a boat carrying migrants capsized in bad weather off…

Chile accuses car carriers of price fixing

Chile’s National Prosecutor’s Office (FNE) is seeking USD 75million in fines against six Chilean, South Korean and…