The Baltic Dry Index (BDI) ended last week at 24 points below its 1986 low, closing…
Category: News
Industry giant, Jacob Stolt-Nielsen dies at 83
Jacob Stolt-Nielsen, a maritime and offshore industry giant passed away on Sunday at his home in…
U.S. Labor Secretary sent to West Coast to push port deal
President Barack Obama is sending U.S. Labor Secretary Tom Perez to California to help resolve a…
COSCO scraps eight more
China COSCO Holdings Company Limited has disassembled eight vessels from its aged fleet, the group said…
HK ferry crash captain sentenced to eight years in prison
A Hong Kong High Court has handed down an eight year jail sentence to the captain…
Terminals hit with low activities as import volume drops
The postponed general election and the depreciating value of the Nigerian currency are factors that have…
NIMAREX 2015 will be a huge success, says Adedoyin
Chairman, Planning Committee of the 5th edition of the annual Nigeria Maritime Expo tagged NIMAREX 2015, Prince…
Global oil layoffs top 100,000
The promise of plentiful jobs and salaries as high as a quarter-million dollars a year lured…
Maersk CEO affirms US$1.5bn commitment to grow Ghana port
The Maersk Group has reaffirmed its commitment to support the expansion of Ghana’s Port of Tema…
ANLCA demand five percent commission on Customs revenue
National President, Association of Nigerian Licensed Customs Agents (ANLCA) Prince Olayiwola Shittu has again asked the…
Ajumogobia identifies challenges in Nigeria’s oil and gas sector
A former Minister of Petroleum Resources, Mr. Odein Ajumogobia has identified the challenges facing Nigeria’s oil…
Further devaluation of naira inevitable –Rewane
Renowned financial expert and Managing Director, Financial Derivatives Company Limited, Bismarck Rewane, has predicted that the…