Oil prices hit new low at $57

As oil prices declined further on Tuesday to their lowest levels since May 2009, the global…

Kenya seeks concessionaire for part of 2nd container terminal at Mombasa Port

Kenya is seeking a concessionaire to operate the first phase of a second terminal it is…

FG pays N166bn fuel subsidy arrears

The Federal Government has approved the payment of about N166bn to petroleum product marketers as reimbursement…

Three dead after freighter sinks off Japan

Three crew members died after the Cambodia-flagged 1,915 dwt freighter Ming Guang sank on Friday in the Sea of…

NYK pleads guilty to price fixing

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has agreed to plead guilty and pay a…

FMC endorses Ocean Three-Hanjin Shipping cooperation

The US Federal Maritime Commission (FMC) has approved of a vessel sharing and slot charter agreement…

Cargo vessel carrying hundreds of migrants under close watch off Southern Italy

Italian officials boarded a cargo ship carrying hundreds of migrants yesterday after it left Greek waters…

Port of Antwerp sets another freight record in 2014

The port of Antwerp is expected to handle a total of 198.8 million tonnes of freight…

Aregbesola blames Jonathan for oil theft in N’ Delta

The Osun State Governor, Mr. Rauf Aregbesola, has said that the administration of President Goodluck Jonathan…

Massive sea search for missing AirAsia flight underway

Search crews scouring the Java Sea for a missing AirAsia Bhd. passenger jet failed to find…

Italian ferry death toll rises to 10

Ten people have died in the Norman Atlantic ferry fire accident on Sunday and it remains…

Tin Can truck park nears completion

Here is cheering news for motorists usually caught up in the perennial gridlock on the Oshodi-Apapa…