Sudan crisis: Update and maritime implications
On 15 April 2023, fighting erupted in Sudan’s capital Khartoum as well as in several other cities across the country. Despite their strategic value, port and terminal facilities in Port…
IMO appeals to member states for equipment to prevent catastrophic oil spill from FSO Safer
The International Maritime Organisation IMO is urging member states to contribute equipment to help UN-led efforts to prevent a possible catastrophic oil spill from the FSO Safer, a rapidly decaying…
Switch to green e-methanol would raise bunker costs by 340%
Following the cost forecasts publicised by Drewry two weeks ago, which have been widely circulated across the industry, we have revised and expanded our forecasts of estimated future container shipping…
Italian Police seize cocaine smuggled in bulker’s sea chest
Drug seizure on bulker Italian police and divers found cocaine inspecting the hull of a bulker arriving from South America (Guardia di Finanza). Italian authorities are reporting their second large…
Seme Customs impounds Indian Hemp worth N10m…Arrests four suspects
*The Indian Hemp consignment The Seme Border Command of the Nigeria Customs Service has impounded a total of 553 bundles Cannabis Sativa, also known as Indian Hemp with a street…
CMA CGM in exclusive talks to acquire Bollore Logistics in €5bn deal
Photo: SSA Marine CMA CGM PATAGONIA IN MIT CMA CGM is looking to further expand its logistics business with it entering into exclusive talks to acquire Bollore Logistics. Bollore said…
IMO receives technical feasibility assessment on shipping decarbonisation
A study on the readiness and availability of low- and zero-carbon ship technology and marine fuels, commissioned by IMO under its Future Fuels and Technology for Low- and Zero-Carbon Shipping…
OPEC keeps world oil demand growth outlook unchanged
The OPEC Reference Basket ORB declined in March by $, or cent, m-o-m to average $ The ICE Brent first-month contract fell by $, or cent, m-o-m to $, while…
IMB records 30-year low global piracy attacks in Q1…As Gulf of Guinea incidents further decline
The ICC International Maritime Bureau IMB has recorded the lowest level of reported global piracy and armed robbery incidents since 1993 but calls for continued vigilance and naval response in…
Crisis rocks MARAN over mismanagement of N6m cooperative fund…Integrity group petitions Lagos Commerce Ministry
A major crisis has erupted in the Maritime Association of Nigeria MARAN, over the alleged mismanagement of funds of the association’s Cooperative Society fund estimated at over N6million by a…
