Category: News

MSC confirms former Maersk COO as its new CEO

MSC confirms former Maersk COO as its new CEO

  Mediterranean Shipping Company (MSC) has confirmed that Soren Toft, who recently resigned as Chief Operating Officer (COO) of A.P. Møller–Mærsk, would be...

Commission probes Italy’s ports tax exemptions

Commission probes Italy’s ports tax exemptions

  The European Commission announced it has opened an in-depth investigation into tax exemptions granted under Italian law to ports amid concerns of competition...

South Korea returns to top spot in shipbuilding orders

South Korea returns to top spot in shipbuilding orders

  South Korea recaptured the top spot in global shipbuilding orders last month, industry data showed, on the back of its dominance in the liquefied natural gas...

Sierra Leone-flagged freighter catches fire off South Korea

Sierra Leone-flagged freighter catches fire off South Korea

  A Sierra Leone-flagged freighter with 13 Russian crew aboard caught fire while transiting the Sea of Japan, near the South Korean Port of Pohang, on Sunday.  The...

China’s export container shipping index drops in October

  China’s container transport for export purposes saw an overall decrease in October, according to the Shanghai Shipping Exchange (SSE). The average China...

seized-rice

Customs arrests nine smugglers in Katsina 

  Nine suspected smugglers have been arrested in the last 10 days trying to smuggle various contraband items into the country, the Katsina/Kaduna Customs...

NPA writes lawmakers, insists on Lagos safe anchorage cancellation

  The Nigerian Ports Authority (NPA) has written a letter to the National Assembly kicking against the creation of the Lagos Secured Anchorage Area (SAA) and...

Substandard tugboats, barges on waterways worry NIWA

Substandard tugboats, barges on waterways worry NIWA

  The National Inland Waterways Authority (NIWA) has decried the use of substandard tugboats and barges during cargo evacuation by barge operators from the Apapa...

Inflation rate dips 0.09% in July – NBS

Nigeria’s inflation hits 11.61% in Oct

  Higher food prices after borders with neighbouring countries were closed in a crackdown on smuggling pushed up annual inflation in Nigeria last month. Annual...

Malaysia bans open-loop ship scrubbers ahead of IMO 2020 rule

Malaysia bans open-loop ship scrubbers ahead of IMO 2020 rule

  Malaysia has prohibited the use of open-loop scrubbers by ships plying Malaysian waters, as Southeast Asia’s third-largest economy joins the growing number of...

Group lauds NPA for addressing Apapa gridlock

The hidden culprits of Apapa gridlock

  To the average Nigerian, the traffic nightmare notoriously known as the ‘Apapa gridlock’ is caused by trucks entering and exiting the Lagos ports to evacuate...

Søren Toft

Maersk’s former COO appointed CEO of MSC

  A.P. Møller–Mærsk’s former Chief Operating Officer, Søren Toft, who resigned from the largest shipping company last week, is heading to Maersk rival and 2M...