Category: Maritime

Dala Dry Port Gulps N5b, Ready In March
January 19, 2022 No Responses

Dala Dry Port Gulps N5b, Ready In March

The Chairman, Dala Inland Dry Port (IDP) in Kano state, Abubakar Bawuro, says the management has so far spent over N5billion on its construction.  Bawuro made the disclosure during a visit on the Executive Secretary, Nigerian Shippers’ Council (NSC), Mr...
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Price Fixing: 23 Shipping Firms To Pay $81m Fine
January 19, 2022 No Responses

Price Fixing: 23 Shipping Firms To Pay $81m Fine

The antitrust regulator in South Korea has sanctioned 23 domestic and foreign container shipping companies for fixing maritime freight rates. On 18 January 2022, the Fair-Trade Commission (KFTC) said it has imposed a fine of KRW 96.2 billion (about $80.7...
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EU Blocks Hyundai, Daewoo Shipping Merger
January 16, 2022 No Responses

EU Blocks Hyundai, Daewoo Shipping Merger

The European Commission has adopted a decision to prohibit a mega-merger that would combine two South Korean shipbuilding companies, Hyundai Heavy Industries Holdings (HHIH) and Daewoo Shipbuilding & Marine Engineering (DSME). The merger between the two So...
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Shippers’ Council Seeks Incentives To Boost Indigenous Shipowners Operations
January 15, 2022 No Responses

Shippers’ Council Seeks Incentives To Boost Indigenous Shipowners Operations

The Executive Secretary, Nigerian Shippers’ Council (NSC), Mr Emmanuel Jime, on Friday said the council would pursue incentives that would boost indigenous shipowners operations.  Jime said this when Dr Mkgeorge Onyung, President, Shipowners Association...
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Again, Singapore Is World’s Leading Maritime City
January 15, 2022 No Responses

Again, Singapore Is World’s Leading Maritime City

Singapore has retained the number one spot in the Leading Maritime Cities (LMC) report conducted by Norwegian classification society DNV and Norwegian consultancy Menon Economics AS.  The 2022 edition of the LMC report was launched on 13 Ja...
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NPA To Receive 23 Ships At Lagos Seaports
January 13, 2022 No Responses

NPA To Receive 23 Ships At Lagos Seaports

The Nigerian Ports Authority (NPA) is expecting 23 ships laden with petroleum products, food items and others from January 12 to Janury20, 2022.  NPA, through its publication, `Shipping Position` explained on Wednesday that the ships are expected to arriv...
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Lagos Shippers To Monitor Cargo Defence Fund
January 12, 2022 No Responses

Lagos Shippers To Monitor Cargo Defence Fund

The Shippers Association of Lagos State (SALS) on Tuesday said it would monitor the implementation of the Cargo Defence Fund to make it effective.  The spokesperson for SALS, Dr Kayode Farinto, made this known at a news conference in Lagos. ...
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UAE To Introduce Green Ship Recycling Regulations In 2022
January 11, 2022 No Responses

UAE To Introduce Green Ship Recycling Regulations In 2022

The United Arab Emirates (UAE) is making progress with national ship recycling regulations that are expected to be unveiled during 2022.  The move is said to be in line with UAE’s commitment to responsible ship recycling practices and comes at...
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Navy Hands Over Impounded Vessel, 20 Suspects To EFCC
January 9, 2022 No Responses

Navy Hands Over Impounded Vessel, 20 Suspects To EFCC

The Nigerian Navy on Saturday handed over impounded vessel – MTT4 and 20 suspected crude oil thieves to the officials of the Economic and Financial Crimes Commission (EFCC) in Bayelsa State.  Commodore Patrick Effah, the Commander, Nigerian Navy Ship So...
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Manufacturers Fault Excise Duty On Soft Drinks
January 6, 2022 No Responses

Manufacturers Fault Excise Duty On Soft Drinks

The Manufacturers Association of Nigeria (MAN) says the introduction of excise duty on non-alcoholic beverages will cause a 0.43 per cent contraction in output and about 40 per cent drop on total industry revenues in the next five years.  Mr...
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MSC Dethrones Maersk As World’s Largest Ocean Carrier
January 6, 2022 No Responses

MSC Dethrones Maersk As World’s Largest Ocean Carrier

Swiss container shipping company Mediterranean Shipping Company (MSC) is now the world’s largest ocean carrier by operated container vessel capacity, maritime consultancy Alphaliner said. On 5 January, MSC — the long-term number two — overtook Danish shi...
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SIFAX Group Expands Ijora Terminal, Contracts CCECC For Pavement Construction
January 5, 2022 No Responses

SIFAX Group Expands Ijora Terminal, Contracts CCECC For Pavement Construction

After operating for a little over 15 months and following a growing customer base as well as increasing demand, SIFAX Shipping ICT Limited, a subsidiary of SIFAX Group and operator of the Ijora Inland Container Terminal, Lagos, has embarked on...
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NIMASA Begins Vessels’ Digital Manifest Regime At Seaports
January 4, 2022 No Responses

NIMASA Begins Vessels’ Digital Manifest Regime At Seaports

By Moses Ebosele, ebosele@hotmail.com  — The Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced total digital manifest management regime for all vessels calling at all Nigerian Ports.   A statement issued on M...
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Shippers Seek Conducive Trade Environment In 2022
January 2, 2022 No Responses

Shippers Seek Conducive Trade Environment In 2022

Shippers are expecting a more conducive trade environment in 2022, President, Shippers Association of Lagos (SAL), Rev. Jonathan Nicole, has said.   In a statement issued on Saturday, Nicole attributed the quest for a more conducive trade environment...
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