Rapid oil price rise divides fund managers
Hedge fund managers are starting to diverge over the likelihood of further oil price increases as Brent futures surge above $50 per barrel and global coronavirus infections accelerate. Hedge funds…
Philippines extends temporary crew change ban to China, Pakistan …Expands list to 33 countries
The Philippines has extended its temporary crew change restrictions to additional 13 new countries including the Peoples Republic of China, Pakistan and others. The list of countries from which it…
IEA to produce world’s first comprehensive roadmap to net-zero emissions by 2050
The International Energy Agency today announced that it will produce the world’s first comprehensive roadmap for the energy sector to reach net-zero emissions by 2050 as it further strengthens its…
It’s a ‘hard sell’ if Biden govt wants to rejoin massive trans-Pacific trade deal, says analyst
The era of trade liberalisation is over, and it will be difficult for the incoming Biden administration to re-join the massive trade deal Trans-Pacific Partnership (TPP), according to an analyst…
Ocean shipping firms lead fight against empty container build-up
Ocean shipping lines are deploying sweeper and extra-loader vessels to Australia, at a high financial cost, to help clear the empty container build-up. The willingness of shipping lines to make…
Ogbeifun bows out of Starzs Investments in style …As Iroghama, former COO takes over
Engr. Greg Ogbeifun Ace Marine Engineer and passionate advocate of indigenous capacity development in Nigeria’s shipping industry, Engr. Greg Ogbeifun has announced his voluntary retirement from Starzs Investments Company Limited…
Lagos tanker fire: FRSC mulls psychiatric test for articulated vehicle drivers …Says 80% of road crashes due to human error
The Federal Road Safety Corps FRSC is contemplating the introduction of psychiatric test as one of the requirements for driving articulated vehicles in Nigeria. This is coming on the heels…
Badagry Deep Seaport strategic to Nigeria’s maritime hub status-DG NIMASA
From left: Director General of NIMASA Dr. Bashir Jamoh receiving a plaque from the Akran of Badagry, His Royal Majesty, De-Wheno Aholu Menu Toyi 1, when the DG paid a…
Singapore tightens marine sector Covid-19 checks after two recent cases
Singapore is tightening the testing regime for all shore-based personnel going onboard ships, following two recent cases of Covid-19 infection on a marine surveyor and a harbour pilot. The Maritime…
We’ve not sealed any warehouse unjustifiably, says Customs FOU…Insists officers were on routine anti-smuggling operations
Ag. CAC, Federal Operations Unit Zone A, Lagos, DC Yahaya The Federal Operations Unit, Zone A of the Nigeria Customs Service has reacted to recent media reports alleging that its…