Firm Gets $716m Contract For 15 Petrochemical Carriers

Firm Gets $716m Contract For 15 Petrochemical Carriers

South Korean shipbuilding giant, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured $716 million contract for fifteen petrochemical product carriers. According to the shipbuilder company, the units will be constructed at Hyundai Mipo Dockyard (HMD) and are expected...
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Global Economy Set For Weakest Growth Since Pandemic, Warns World Bank

Global Economy Set For Weakest Growth Since Pandemic, Warns World Bank

The global economy is set to grow at its slowest pace since the pandemic, the World Bank has warned. It has forecast growth of just 2.4% in 2024 and stated higher interest rates were a major factor. Global trade and...
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Jetour Penetrates Abuja, Excites Residents

Jetour Penetrates Abuja, Excites Residents

Jetour, the new kid on the block in the Nigerian auto market, was a cynosure of all eyes in its debut at the just concluded Abuja Auto Fair.The ‘Big Boys’ of Abuja, the nation’s capital, were excited about the different...
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Pope Urges Global Ban On Surrogacy

Pope Urges Global Ban On Surrogacy

POPE Francis called Monday for a global ban on surrogacy saying the practice of a woman carrying another person’s child was “deplorable”. In his New Year’s address to diplomats at the Vatican, the 87-year-old pontiff said it was a “grave...
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Tesla Recalls 1.6m Cars

Tesla Recalls 1.6m Cars

Tesla is recalling more than 1.6 million vehicles in China over issues with steering software and door-locking systems, the country’s regulator says. The recall includes its models S, X, 3 and Y, and 7,538 imported vehicles. The problems will be...
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Pope Appoints Auxilary Bishop For Orlu Diocese

Pope Appoints Auxilary Bishop For Orlu Diocese

The Holy Father, Pope Francis has appointed Rev Msgr. Thomas Ifeanyichukwu Obiatuegwu, a priest of the diocese of Orlu and the current parish priest of of St. Joseph in Umuna, as the auxiliary bishop of Orlu diocese, assigning him the...
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Seplat Energy Completes ANOH Gas Plant

Seplat Energy Completes ANOH Gas Plant

Seplat Energy Plc has announced that the ANOH gas plant installation works reached mechanical completion on 29th December 2023, in line with the revised timetable.  A statement issued by the company on Wednesday explained that the milestone...
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NANS Tasks FG On Nigerian Graduates From Benin Republic, Togo

NANS Tasks FG On Nigerian Graduates From Benin Republic, Togo

The National Union of Nigerian Students (NANS) has asked the Federal Government to revisit the suspension placed on the accreditation and evaluation of degree certificates from Benin Republic and Togo. The Federal Government on Tuesday suspended certificates f...
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BYD Overtakes Tesla As World’s Top Electric Vehicles Maker

BYD Overtakes Tesla As World’s Top Electric Vehicles Maker

US car maker, Tesla has lost its crown as the top maker of all-electric vehicles to Chinese firm BYD, according to sales figures released Tuesday, January 2, 2024. The US-based car manufacturer run by billionaire Elon Musk delivered 484,507 vehicles ...
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SAHCO TAKES OVER ETHIOPIAN AIRLINES GROUND HANDLING SERVICES

SAHCO TAKES OVER ETHIOPIAN AIRLINES GROUND HANDLING SERVICES

Skyway Aviation Handling Company (SAHCO) PLC has won the contract to take over the ground handling services to one of the world’s foremost airlines, Ethiopian Airlines at the Murtala Muhammed International Airport, Ikeja, Lagos, Nigeria.   Under th...
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Boeing Urges 737 Max Inspections For Possible Loose Bolt

Boeing Urges 737 Max Inspections For Possible Loose Bolt

Boeing is urging airlines to inspect its 737 Max airplanes for a possible loose bolt in rudder control systems. The airplane maker called for the inspections after an international operator discovered a bolt with a missing nut, the Federal Aviation...
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China Maintains Lead In Global Shipbuilding

China Maintains Lead In Global Shipbuilding

China’s shipbuilding output surged by 12.3 percent year-on-year, reaching 38.09 million deadweight tons in the first 11 months of 2023, capturing over 50 percent of the world market. New orders followed suit, witnessing an impressive 63.8 percent YoY increas...
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MSC Containership Attacked In Red Sea

MSC Containership Attacked In Red Sea

MSC United, a Post Panamax containership owned by Swiss-based Mediterranean Shipping Company (MSC), was attacked while transiting the Red Sea. The attack was confirmed by the Yemeni Armed Forces’ Spokesperson Yahya Sare’e, saying that the ship was targeted...
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Samsung Secures $240m Contract For Two LPG Carriers

Samsung Secures $240m Contract For Two LPG Carriers

South Korean shipbuilding major, Samsung Heavy Industries (SHI) has won $240 million contract to construct two very large ammonia and liquefied petroleum gas (LPG) carriers for a shipping company based in Oceania. The agreement mandates Samsung Heavy to comp...
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