Container shipping profits hit $63.7bn in Q2 — Report

The record profitability of the container shipping sector continued to grow in Q2 hitting an estimated…

Market dynamics responsible for high container freight rates — Report

The US Federal Maritime Commission (FMC) fact-finding report into container liner shipping during the COVID-19 pandemic…

Nigeria imported used vehicles worth N532bn in nine months — Report

  The total worth of used vehicles Nigeria imported between January and September 2021 is N531.7…

Crashed Sriwijaya Air jet had engine thrust imbalance — Report

  The Sriwijaya Air plane that crashed last month killing 62 people had an imbalance in…

Lagos loses N4tr to traffic congestion annually — Report

  Lagos, Nigeria’s commercial hub, loses about N4 trillion annually as a result of traffic congestion.…

How NIMASA paid N87bn for unexecuted contracts — Report

  The Senate Committee on Public Accounts has sustained a query by the Auditor-General of the…

China overtakes US as Europe’s top trade partner —Report

  China pushed past the United States in the third quarter to become the European Union’s…

Pandemic cuts global maritime trade, transforms industry – UNCTAD report

  Global maritime trade will plunge in 2020 due to the unprecedented disruption caused by COVID-19,…

Report links decomposition of dangerous cargo to Maersk Honam fire

  The investigation into the fire on board Maersk Honam boxship by the Transport Safety Investigation…

NNPC cut loss by 99.7% in 2019 –Report 

  The Nigerian National Petroleum Corporation (NNPC) says it has recorded a 99.7 percent reduction in…

Lagos helicopter crash: AIB releases preliminary report

    The Accident Investigation Bureau (AIB) Monday released the preliminary report of the accident involving…

U.S. House report blames Boeing, FAA failures for 737 MAX crashes 

  Two Boeing 737 MAX crashes that killed all 346 passengers and crew aboard were the…