Saudi Arabia’s 2015 budget is probably assuming an oil price of $80 a barrel, and will…
Author: Ships & Ports
First quarter of 2015 ‘ll be rough for businesses, economy
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has said that that…
Passengers stranded at Lagos domestic airports
Hundreds of intending passengers were yesterday stranded at the two domestic Lagos airports over hike in…
Oil spill threatens Black Sea coastline
A leak on Tikhoretsk-Tuapse-2 pipeline caused an oil spill in the Black Sea, close to Russia’s port of Tuapse,…
U.S. shipping stocks seen returning 59%
U.S. marine shipping stocks are poised to see their shares climb 59 percent in the next…
Mitsubishi Heavy considering splitting off shipbuilding business
Japan’s Mitsubishi Heavy Industries Ltd (MHI) said on Wednesday it was considering a range of options…
Samsung Heavy and MOL to Build Half-Dozen Liquefied Ethane Carriers
Japan’s Mitsui OSK Lines Ltd (MOL) will supervise the construction of six new very large ethane…
LCCI flays Customs over hike in invoice values
The Lagos Chamber of Commerce and Industry (LCCI) has petitioned the Presidency and the Coordinating Minister…
NISA to collaborate with Turkish shipowners over shipyards, passenger ships, others
The Nigerian Shipowners’ Association (NISA) has entered into a working relationship with the Turkish Shipowners’ Association…
Navy arrests 5 suspected oil thieves in Lagos
The Nigerian Navy yesterday in Lagos said that it arrested five suspected oil thieves and recovered…
Nigeria oil exports to dip in February
Nigerian crude oil exports in February are set to fall to around 1.87 million barrels per…
Oil price decline not a surprise –NACCIMA
The decline in crude oil prices did not come as a surprise as it had been…