Turkish general cargo vessel shelled off Libya, one dead

Forces loyal to Libya’s internationally recognised government said yesterday they shelled a Turkish ship off the…

Cambodian port sees 10.6 pct rise in container volume in 4 months

Container throughput at Phnom Penh Autonomous Port, Cambodia’s 2nd largest container hub, expanded 10.6 percent in…

Surprise rise in floating storage boosts tanker market

There has been a surprise in floating storage despite the rising oil price, which is helping…

Piracy contained in Somalia but remains a major threat in Nigeria, says Dryad

Despite optimum conditions for piracy in Somalia, the presence of international naval patrols and armed guards…

Jonathan says Nigeria owes Chief Shonekan huge debt of gratitude

President Goodluck Jonathan on Friday felicitated with a former Head of the Interim National Government, Chief…

‘External reserves can’t pay for more than 3 months of imports’

The nation’s foreign exchange reserves fell one per cent month-on-month to $29.5 billion by April 28,…

Dikko’s future at Customs House

  Despite the gains recorded by the Nigeria Customs Service (NCS) under Abdulahi Inde Dikko as…

Costa Concordia to embark on its final journey

The first phase of the Costa Concordia dismantling and recycling project has been completed nine months after…

Jonathan urges Buhari’s administration to boost railway system

President Goodluck Jonathan on Thursday urged the incoming Buhari administration to continue to boost the railway…

Customs impounds N250m fake drugs

The Federal Operations Unit (FOU) Zone ‘C’, Owerri of the Nigeria Customs Service, (NCS) has impounded…

Six workers injured in Greek refinery fire

Six workers were injured Friday when a fire broke out at an oil refinery near the…

Shipping freight rates to stay low until at least 2020, says Goldman Sachs

Shipping freight rates, which have hit record lows this year, are set to remain weak for…