Sea shipping rates to US soar as China’s foreign trade revives
Container rates from China to the US have soared in recent weeks, driven by the US’ high demand to restock amid the COVID-19 pandemic, the upcoming holiday season and China’s…
Shippers Council mulls demurrage waivers over ENDSARS protests disruptions
Executive Secretary/CEO, Nigerian Shippers Council, Hassan Bello. The Nigerian Shippers Council, the country’s Port Economic Regulator is currently holding talks with multinational shipping firms operating in Nigeria with a view…
FG backs SIFAX Group on new container terminal
From right: Executive Director, SIFAX Off Dock, Capt. Ibraheem Olugbade, explaining the terminal layout to the Director, Maritime Services, Federal Ministry of Transportat, Auwal Suleiman during the Ministry of Transportat’s…
Stranded seafarers rescued by South African research vessel
Some of the rescued seafarers aboard the South African research ship - courtesy of SAMSA South African authorities are reporting the successful rescue of 62 seafarers that had been…
Euro zone economy risks double-dip recession- PMIs
Euro zone economic activity slipped back into decline this month as a second wave of the coronavirus sweeps across the continent, heightening expectations for a double-dip recession, surveys showed on…
Buhari says acceding to endSARS protesters’ demands misinterpreted …Asks global community to verify claims before conclusions
President Muhammadu Buhari Nigerian leader, President Muhammadu Buhari has said that the decision of the Federal Government to promptly accede to the five-point demands of the #endSARS protesters, most prominent…
#ENDSARS protests take toll on Nigeria’s seaport economy, group laments …Says burning NPA building disastrous
A seaport terminal in Lagos (file) Maritime stakeholders under the aegis of National Council of Managing Directors of Licensed Customs Agents NCMDLCA, have lamented that the 14 days of economic…
Fire guts NPA Marina, Lagos headquarters
There are reports that the Marina, Lagos headquarters of the Nigerian Ports Authority NPA is currently on fire, in what security experts described as part of the backlash of the…
Japan seems world’s first to attain zero emission
The World Maritime Organisation IMO has adopted a two-tier strategy aimed for a drastic reduction of greenhouse gas (GHG) emissions from international shipping. The initial target obliges ships to cut…
World Bank says global economy to plunge into deepest recession post-COVID since Great Depression
The world is experiencing one of the deepest recessions since the Great Depression in the 1930s owing to the novel coronavirus, World Bank President David Malpass has said, terming the…
